JAKARTA - The rupiah exchange rate in trading Wednesday, October 8, 2025, is estimated to have the potential to weaken against the United States (US) dollar.
To note, citing Bloomberg, on Tuesday, October 7, 2025, the rupiah spot exchange rate closed higher by 0.13 percent to the level of Rp. 16,561 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed up 0.22 percent to a price level of IDR 16,560 per US dollar.
Doo Financial Futures analyst Lukman Leong estimates that the rupiah exchange rate will weaken against the United States dollar in line with the continued strengthening of the currency.
According to him, the strengthening of the US dollar was driven by statements from officials from The Federal Reserve, Jeff Schmid and Neel Kashkari, who opposed plans to cut interest rates.
"Rupiah is expected to weaken against the US dollar which is still continuing to strengthen by a hawkish statement from Fed officials Jeff Schmid and Nel Kashkari who oppose cutting interest rates," he told VOI, Wednesday, October 8.
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In addition, he said that the policy of relocating funds to regional banks that are stimulus is also expected to have a negative impact on the movement of the rupiah.
"Regarding the re-employment of money to the regions, it is stimulus and has a negative impact on the rupiah," he said.
Lukman projects that the movement of the rupiah on Wednesday, October 8, will move in the range of Rp. 16,500 per US dollar to Rp. 16,650 per US dollar.
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