JAKARTA - The rupiah exchange rate in Tuesday, May 12, 2026 trading is expected to weaken against the US dollar (USD).
To note, quoting Bloomberg, on Monday, May 11, the spot rupiah exchange rate closed down 0.18 percent to Rp17,414 per US dollar.
Meanwhile, the Jakarta Interbank Spot Dollar Rate (Jisdor) exchange rate of the Bank Indonesia (BI) closed down 0.23 percent to the price level of IDR17,415 per US dollar.
Doo Financial Futures analyst Lukman Leong said that the rupiah exchange rate is expected to still have the potential to weaken against the US dollar, as the hope for peace between the US and Iran fades and the world crude oil prices are high.
"The rupiah is expected to still have the potential to weaken against the US dollar amid the fading of US-Iranian peace hopes and high world crude oil prices," he told VOI, Tuesday, May 12.
In addition, Lukman said investors are also waiting for the release of Indonesia's retail sales data which is scheduled to be released this afternoon.
"Investors are looking forward to Indonesia's retail sales data which will be released this afternoon," he said.
Lukman estimates that the movement of the rupiah on Tuesday, May 12, 2026 will be in the range of Rp17,350-Rp17,500 per US dollar.
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