Rupiah is Predicted to Weaken Following Fed Official's Statement

Rupiah (photo: dock. Antara)

JAKARTA - The rupiah exchange rate on Monday, October 6, 2025, is expected to weaken against the United States (US) dollar.

Citing Bloomberg, on Friday, October 3, 2025, the spot rupiah closed 0.21 percent stronger at IDR16,562 per US dollar.

Meanwhile, the rupiah exchange rate based on Bank Indonesia's (BI) Jakarta Interbank Spot Dollar Rate (Jisdor) closed up 0.006 percent at IDR16,611 per US dollar.

Doo Financial Futures analyst Lukman Leong stated that the rupiah exchange rate is expected to weaken against the US dollar.

According to him, the weakening was driven by the US dollar, which experienced a significant rebound in response to hawkish statements from two Fed officials, Logan and Jefferson, who stated that the Fed needed to be cautious in lowering interest rates.

"The rupiah is expected to weaken against the US dollar, which has strengthened significantly in response to hawkish statements from two Fed officials, Logan and Jefferson, who said the Fed needs to be cautious in lowering interest rates," he told VOI on Monday, October 6.

Lukman projected the rupiah's movement on Monday, October 6, to be in the range of IDR16,500 to IDR16,650 per US dollar.