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, June 23.
"The US dollar index was seen strengthening this morning to level 99, in the range of 98," he told VOI, Monday, June 23.
According to him, the weakening of the rupiah stems from the war conflict between Iran and Israel which has not stopped and the impact of US President Donald Trump's statement attacking Iran's nuclear site.
"The interference of the US opens up opportunities for Iranian allies to come in to help Iran and there is a greater excalation of war," he explained.
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On the other hand, he said that market participants are worried about this so that it goes into safe assets such as US dollars.
He conveyed that the movement of the rupiah on Monday, June 23, has the potential to weaken to the level of Rp. 16,500 per US dollar, with the potential for support in the range of Rp. 16,300 per US dollar.
For information citing Bloomberg, on Friday, June 20, the rupiah spot exchange closed higher by 0.06 percent to the level of Rp. 16,396 per US dollar. Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of Bank Indonesia (BI), closed lower by 0.13 percent to a price level of Rp. 16,399 per US dollar.
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