Thursday Morning Rupiah Raced 48 Points To Rp14,795 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market opened higher on trading Thursday, September 17. The rupiah opened up 0.32 percent or 48 points to a level of Rp14,795 per US dollar (US).

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that even though it was opened higher, the rupiah still had the potential to weaken in today's trading.

The reason is, according to him, this morning the regional exchange rate moved to weaken against the US dollar. regional stock indexes are also under pressure.

"The Fed's statement that the US economy is at risk of being depressed if there is no further stimulus from the government, is probably the one that puts pressure on riskier assets this morning," Ariston told VOI.

As is known, the US government has not agreed with the parliament to release a second stimulus package. On the other hand, the Fed also explained the progress of the US economic recovery which may be a factor in the strengthening of the US dollar this morning.

"The rupiah has the potential to weaken today in the range of Rp14,800-14,950 per US dollar," he said.

Ariston added that today there is an event to announce the results of the Bank Indonesia (BI) monetary meeting, which may result in no change in interest rates.

"But BI continues to maintain monetary easing. This BI stance may be able to prevent the rupiah from weakening today," said Ariston.