Rupiah Still Strengthening, Closed Thursday Afternoon At Rp13,635 Per US Dollar

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah exchange rate managed to strengthen at the close of trading on Thursday, February 6. The rupiah closed up 55 points or 0.40 percent at the level of Rp.13,635 per US dollar.

Optimism that the corona virus can be controlled has made global financial markets calmer. This in turn also had a positive effect on the movement of the rupiah.

Additional sentiment for the Garuda currency also increased after US President Donald Trump managed to escape the impeachment trap.

In addition, said Head of Monex Investidno Futures Rosette Ariston Tjendra, this afternoon there was also positive news that China would cut import tariffs by 50 percent for US goods worth 75 billion US dollars starting February 14.

"This policy will help China negotiate with the US for phase 2," Ariston told VOI.

In the Asian region, the Korean won was still the eye with the largest gain with 0.96 percent. Then, the Taiwan dollar and the Philippine peso managed to increase respectively 0.21 percent and 0.15 percent.

The Chinese yuan is also in the green zone after rising 0.05 percent. The Hong Kong dollar also gained 0.01 percent.

Meanwhile, the Thai baht was the currency with the deepest weakness by 0.31 percent. The Singapore dollar and Malaysian ringgit were also in the red zone, weakening 0.22 percent and 0.08 percent, respectively.

The Japanese yen and Malaysian ringgit also fell by 0.03 percent and 0.02 percent, respectively.