Markets Start To Be Alert, Rupiah Potentially Weakens In The Range Of Rp. 16,880 Per US Dollar

Illustration (Photo: Doc. ANTARA)

JAKARTA - Financial Market Observer and Commodity Ariston Tjendra said that the movement of the rupiah has the potential to weaken against the United States (US) dollar on Monday, April 28.

Ariston revealed that the rupiah exchange rate was still under pressure from the US dollar.

"It is reported that negotiations between the US and China are still not running even though President Trump said otherwise, could trigger further concerns in the financial market," he told VOI, Monday, April 28.

According to him, currently, the market is still awaiting developments in US tariff negotiations, which have so far not shown clear results, although the US side is starting to show a softer stance.

"The market is still waiting for the development of the US Tariff negotiations, which until now have not seen the results even though the US is starting to show a softer attitude," he said.

He said that the movement of the rupiah on Monday, April 28 has the potential to weaken to the level of Rp. 16,880 per US dollar with potential support in the range of Rp. 16,800 per US dollar.

Quoting Bloomberg, on Friday, April 25, the rupiah spot exchange rate was closed up 0.26 percent to the level of Rp. 16,830 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI) closed higher by 0.32 percent to a price level of Rp. 16,829 per US dollar.