JAKARTA - The rupiah exchange rate was opened to weaken at the opening of trading on Monday, February 10. The rupiah initially weakened 15 points or 0.11 percent at the level of Rp.13,690 per US dollar.
According to VOI, at 9:40 a.m., the rupiah continued to weaken. During this hour, the rupiah weakened 0.29 percent or 40 points to a level of Rp13,715 per US dollar.
The rupiah weakened despite market optimism about improving trade relations between the US and China after Panda Country announced that it would halve import tariffs of US $ 75 billion for US products as China's effort to fulfill the promise of the first phase trade agreement.
On the other hand, the sentiment of the spread of the corona virus which is believed to affect global economic growth has begun to subside along with the lack of new developments from the virus.
PT Monex Investindo Futures estimates that the rupiah will move in the range of Rp 13,550 per US dollar to Rp 13,850 per US dollar this week.
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