JAKARTA - The rupiah exchange rate on the spot market opened stronger on Wednesday, December 23 trading. The rupiah opened up 0.19 percent to a level of Rp14,178 per US dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the negative sentiment of the new variant of the corona virus is still overshadowing the price movements of risky assets, but the negative impact has begun to diminish.
"Some risk asset prices have begun to strengthen. Some emerging market exchange rates also seem to strengthen against the US dollar. The rupiah has the potential to strengthen today," Ariston told VOI.
He added that market players also paid attention to the approval process for the US $ 900 billion stimulus package at the President after the US Congress gave approval by voting last night.
"This morning, President Trump commented that the cash assistance to individuals in the stimulus bill was too small. But the market is still not clear whether President Trump will sign or reject the bill," Ariston said.
As for domestic sentiment, he said, the results of the cabinet reshuffle might provide positive sentiment to the market and support the strengthening of the rupiah.
"The potential for rupiah today is in the range of Rp. 14,100-14210 per US dollar," he explained.
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