JAKARTA - The rupiah exchange rate on Tuesday, February 24, 2026 is expected to weaken against the US dollar.
To note, quoting Bloomberg, on Monday, February 23, the spot rupiah exchange rate closed up 0.51 percent to Rp16,888 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed up 0.24 percent to a price level of Rp16,818 per US dollar.
Doo Financial Futures analyst Lukman Leong, predicts that the movement of the rupiah exchange rate will tend to weaken against the US dollar which rebounded after the release of data showing that US economic and manufacturing activity was stronger than expected.
"The rupiah is expected to weaken against the US dollar which rebounded after data showed stronger US economic and manufacturing activity than expected," he told VOI, Tuesday, February 24.
However, he added that the weakening was not considered too deep because uncertainty regarding tariff policies still limited the strengthening of the US dollar.
"However, the weakness is expected to be limited, with uncertainty surrounding tariffs still tending to hold back the US dollar," he said.
Lukman estimates that the movement of the rupiah on Tuesday, February 24, 2026 will be in the range of Rp16,750-Rp16,900 per US dollar.
Meanwhile, money market observer Ibrahim Assuaibi said market participants continued to monitor the third round of nuclear negotiations between the US and Iran, which is scheduled to take place in Geneva.
In addition, there is hope that tensions will ease after Iran's Foreign Minister Abbas Araghchi, in an interview with the Face the Nation program on CBS, said that the chances of reaching a diplomatic solution were quite large and within reach.
On the other hand, Ibrahim added that US President Donald Trump last weekend stated that he would impose a 10 percent tariff on global imports for 150 days under Article 122 of the US trade law, following the US Supreme Court's decision to overturn the previous tariff regime.
The policy was then raised to a maximum limit of 15 percent, triggering concerns about potential retaliatory actions and disruptions to global supply chains.
"Uncertainty about the duration and scope of tariffs, as well as possible legal and congressional challenges, adds to market volatility," he explained.
Ibrahim predicted that the rupiah would move fluctuatio on Tuesday, February 24, 2026 in the price range of IDR 16,770 to IDR 16,800 per US dollar.
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