Rupiah has the opportunity to strengthen slightly in the midst of a wait and see market.

US Dollar and Rupiah (between)

JAKARTA - The rupiah exchange rate on Wednesday, December 17, is expected to strengthen against the US dollar (USD).

Citing data from Bloomberg, Tuesday, December 16, 2025, the spot rupiah exchange rate closed down 0.14 percent to Rp16,691 per US dollar.

Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.14 percent to the price level of IDR16,693 per US dollar.

Doo Financial Futures analyst Lukman Leong assessed that the rupiah movement is still in a consolidation phase with limited strengthening opportunities.

He added that this was triggered by the weakening of the US dollar which was pressured by US employment data which was below expectations.

"The rupiah is expected to still consolidate with limited strengthening potential against the US dollar which is slightly tightened after disappointing US employment data," he told VOI, Wednesday, December 17.

According to him, market participants are still waiting for the announcement of the results of the Bank Indonesia Board of Governors (RDG BI) meeting which is scheduled for this afternoon. Although interest rates are expected to remain, there is a potential for a signal to loosen policy in the future.

"Investors wait and see to anticipate RDGBI this afternoon which is expected to maintain interest rates, but has the potential to signal a cut in the future," he said.

Meanwhile, money market observer Ibrahim Assuaibi said that market attention throughout this week was focused on the US economic development, starting with the release of November's non-farm payroll data which is scheduled to be released.

"These data are expected to show more signs of cooling in the US labor market," he said in his statement, quoted Wednesday, December 17.

He added that this release is also close to the publication of the main Consumer Price Index (CPI) inflation data for November on Thursday, which will be observed to see the potential for slowing inflation.

According to him, the labor market and inflation conditions are the two main indicators that are the basis for the Federal Reserve's consideration in determining the direction of its monetary policy.

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"The strength of the labor market and inflation are the Fed's two biggest considerations for changing policy, with the central bank having reiterated its data-based stance in the past week," he explained.

Ibrahim predicted that the rupiah would fluctuate in Wednesday, December 17 trading in the price range of IDR 16,650 - IDR 16,690 per US dollar.

Meanwhile, Lukman projected the movement of the rupiah on Wednesday, December 17, moving in the range of IDR 16,600 per US dollar to IDR 16,700 per US dollar.