JAKARTA - The rupiah exchange rate was opened to strengthen at the opening of trade on Thursday, March 26. The rupiah opened up 1.79 percent or 295 points to Rp16,240 per US dollar.
Head of Research at Monex Investindo Futures, Ariston Tjendra, said financial markets are still waiting for good news about the US government's approval of a stimulus that has not yet been approved in the US Congress.
"If approved, this will trigger a stronger price for risky assets today, including the rupiah," Ariston told VOI.
On the other hand, he said, financial markets are still worried because of the spread of the COVID-19 outbreak which could slow down global economic growth, and could also suppress price movements of risky assets today.
"Today's rupiah has the potential to move up towards Rp16,300, with potential resistance at Rp16,575," he explained.
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