JAKARTA - The rupiah exchange rate against the US dollar at the opening of trade on Thursday, January 30 this morning was stagnant. The rupiah was opened still at the level of Rp13,634 per US dollar.
From what VOI editorial saw, the rupiah at 09.15 WIB, was moving weaker. The rupiah at that hour was at the level of Rp.13,644 per US dollar.
Monex Investindo Futures Head Researcher Ariston Tjendra said the US Central Bank's stance on maintaining a loose policy will help strengthen the rupiah against the US dollar today.
"The Fed has given a signal that it will continue injecting funds into the market via repo as it has been doing since early September 2019. This is an effort to reduce interbank interest rates," he told VOI, Thursday, January 30.
In addition, he continued, the 10-year tenor US government bond yield fell back to around 1.58 percent after the Fed's decision. "It's just that concerns over the corona outbreak will still be a burden for risky assets such as the rupiah," said Ariston.
He also estimates that today's rupiah will move in the range of IDR 13,600-13,650 per US dollar.
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