JAKARTA - Although during trading on Thursday, April 23, the rupiah was moving weaker, but in the end, at the last moment, the Garuda currency was able to reverse its strength.
The rupiah exchange rate on the spot market was closed and reversed, strengthening 35 points or 0.23 percent to a level of Rp15,415 per US dollar compared to yesterday's closing at a level of Rp15,450.
The rupiah opened down 72 points or 0.47 percent today to a level of Rp. 15,522 per US dollar (US).
By this afternoon or at 11:13 am, the rupiah was in a weakened position by 140 points or 0.91 percent to a level of Rp15,590 per US dollar.
Then towards the end of trading, at 14:33 to be precise, the rupiah was still weakening 67 points or 0.44 percent to a level of Rp15,517 per US dollar.
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the growth in the number of people infected with COVID-19 in several European countries and in the US has become a positive sentiment for the market.
In addition, he said, positive sentiment came from the US House of Representatives which would approve additional stimulus from the US government amounting to more than 480 billion US dollars.
"The rebound in crude oil prices also helped provide positive sentiment to riskier assets including the rupiah," he explained.
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