On Thursday, Rupiah Strengthened To Rp. 14,125 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was opened stronger against the United States dollar (US), Thursday, November 26. The rupiah opened up 0.13 percent to Rp14,125 per US dollar.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the US dollar appeared to be under pressure against major world currencies such as the euro and Japanese yen due to a weekly increase in US claims for unemployment benefits. This means that the number of unemployed increases.

"This indicates the US economy is still under pressure due to the pandemic. In addition, the minutes of the US Central Bank's monetary meeting released this morning also show the view that the US economy still needs a lot of stimulus to recover from the pandemic," Ariston told VOI.

The US dollar index is currently moving closer to a 2020 low of 91.74. Current position at 91.93. The weakening condition of the US dollar index might trigger the strengthening of the rupiah against the US dollar today.

"Today the rupiah is predicted to move in the range of Rp. 14,100-14,180 per US dollar," he said.

This morning, the rupiah strengthened along with the majority of currencies in the Asian region. Observed, the Japanese yen strengthened 0.13 percent, the Singapore dollar rose 0.12 percent, the Taiwan dollar strengthened 0.02 percent, and the South Korean won appreciated 0.30 percent.

Then, the Philippine peso rose 0.09 percent, the Indian rupee added 0.12 percent, the Chinese yuan strengthened 0.17 percent, and the Malaysian ringgit appreciated 0.09 percent. Only the Thai baht appeared sluggish 0.11 percent against the US dollar.