JAKARTA - The rupiah exchange rate against the US dollar managed to rebound from its weakening at the opening of trading today, Thursday, January 16.
Based on Bloomberg data, the rupiah was opened to appreciate 17 points or 0.12 percent at the level of Rp13,678 per US dollar.
Based on VOI monitoring at 10:00 am, the rupiah continued to strengthen, and was at the level of Rp. 13,637 per US dollar or a 0.42 percent increase from the opening of trade this morning.
Head of Research at PT Monex Investindo Futures, Ariston Tjendra, said that the signing of the China-US trade agreement gave positive sentiment to risk assets.
"It's just that the US point will not remove all import tariffs on Chinese goods until the phase 2 deal and deal 1 are executed well, it is a concern for the market. This tariff could disrupt further negotiations," Ariston told VOI, Thursday, January 16.
According to Ariston, the rupiah could strengthen today against the US dollar. The reason is, the decline in US bond yields yesterday could help strengthen as well as the positive sentiment from the signing of the trade agreement.
"I predict that today's rupiah will move in the range of Rp. 13,630-13,730 per US dollar," he said.
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