JAKARTA - The rupiah exchange rate weakened on Tuesday, April 28 trading. The rupiah weakened 60 points or 0.39 percent to a level of Rp15,445 per US dollar.
Some positive sentiment in the financial market, said Head of Research at Monex Investindo Futures, Ariston Tjendra, was unable to lift the rupiah this afternoon. Positive sentiment was the strengthening of the Dow Jones index overnight in anticipation of plans to open a lockdown in several US states.
Then there is also positive sentiment from the Bank of Japan (BOJ) which announced an unlimited bond purchase stimulus today. According to him, the market is still worried about the economic downturn due to the outbreak and the decline in crude oil prices.
This afternoon, the rupiah was also the currency with the deepest weakness in the region. Currency movements in Asia also tend to be mixed today.
As of 15:00 WIB, the Japanese yen was the currency with the biggest gain after rising 0.21 percent against the US dollar.
Behind the yen was the Indian rupee which strengthened 0.11 percent. Furthermore, there was the South Korean won and the Philippine peso which both appreciated 0.08 percent. Then, there is the Taiwan dollar and the Singapore dollar which also managed to slightly increase 0.06 percent.
Meanwhile, the Malaysian ringgit is in the red zone after dropping 0.35 percent. There were also the Thai baht and Hong Kong dollars which weakened 0.03 percent and 0.01 percent, respectively.
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