JAKARTA - The rupiah exchange rate on the spot market closed significantly lower on Wednesday, September 2 trading. The rupiah fell quite deeply, weakening 1.18 percent or 173 points to a level of Rp14,745 per US dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the rupiah exchange rate was depressed against the US dollar. The strengthening of the US dollar was triggered by improving data on the US manufacturing activity index for August released last night.
This sentiment also put pressure on the rupiah exchange rate today, plus the domestic deflationary factor in August, which indicates that people's purchasing power has not improved.
The rupiah led the weakening of the majority of Asia Pacific currencies against the US dollar until this afternoon. Apart from the rupiah, the Indian rupee also fell 0.27 percent, the Thai baht weakened 0.25 percent.
Then the South Korean won weakened 0.20 percent, the Taiwan dollar weakened 0.11 percent, the Japanese yen weakened 0.10 percent. The Philippine peso weakened 0.10 percent, the Malaysian ringgit was down 0.03 percent, the Singapore dollar fell 0.01 percent and the Hong Kong dollar weakened 0.003 percent against the US dollar.
Meanwhile the Chinese yuan strengthened 0.03 percent against the US dollar.
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