JAKARTA - The rupiah exchange rate on the spot market was opened to strengthen. The rupiah strengthened 80 points or 0.5 percent to a level of Rp15,800 per US dollar.
The strengthening of the rupiah is inseparable from the excitement of market players and returning to glancing at riskier assets.
However, Head of Research at Monex Investindo Futures, Ariston Tjendra, said the news of the sharp increase in people who contracted COVID-19 at the weekend could provide negative sentiment to the financial market today, including the rupiah.
"The US has reported more than 550 thousand positive people with a death toll of more than 22 thousand people," Ariston told VOI.
The increase in the spread of the epidemic, he said, shows that the peak of the outbreak has not been passed and could make all efforts to recover the economy with stimulus in vain.
"Today's rupiah has the potential to move in the range of Rp15,800-16,000 per US dollar," he explained.
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