JAKARTA - The rupiah exchange rate on Friday, March 6, 2021 is expected to weaken against the US dollar.
To note, quoting Bloomberg, on Thursday, March 5, the spot rupiah exchange rate closed down 0.08 percent to Rp16,905 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed up 0.14 percent to a price level of Rp16,886 per US dollar.
Doo Financial Futures analyst Lukman Leong assessed that the movement of the rupiah exchange rate could potentially be pressured again against the US dollar.
He added that the strengthening of the dollar was driven by rising tensions in the Middle East after Iran threatened to retaliate for the sinking of its warship by the United States.
"The rupiah is expected to weaken again against the US dollar which is strengthened by the heating of the situation in the Middle East with the threat of Iran's retaliation against the US-sunk warships," he told VOI, Friday, March 6.
In addition, Lukman added that the release of stronger US employment data and the return of high oil prices also supported the strengthening of the US dollar.
Lukman estimates that the movement of the rupiah on Friday, March 6, 2026 will be in the range of Rp16,850-Rp17,000 per US dollar.
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