JAKARTA - The rupiah exchange rate weakened on Thursday, April 16 trading. The rupiah closed down 65 points or 0.42 percent to a level of Rp15,640 per US dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that market concerns about worsening global economic data due to the decline or closure of economic activity due to the outbreak triggered negative sentiment towards the rupiah and risky assets.
"But at the beginning of the opening of the European market, there was a bit of positive sentiment that pushed the rupiah to decrease, namely the plan to open lockdowns in several European countries because the rate of spread of the outbreak had decreased," Ariston told VOI.
This afternoon, the majority of currencies in the Asian region weakened against the US dollar. The South Korean won led the decline, namely 0.93 percent.
Followed by the Malaysian ringgit weakened 0.80 percent, then the Indian rupee fell 0.56 percent. Meanwhile the Philippine peso weakened 0.30 percent, the Singapore dollar was down 0.25 percent, and the Taiwan dollar was down 0.14 percent.
The Thai baht was the only currency in Asia that strengthened against the US dollar with a gain of 0.09 percent.
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