Thursday Successfully Closed Rupiah Strengthened To Around IDR 14,000

Illustration. (Photo: Bank Indonesia)

JAKARTA - The rupiah shows its strength today, Thursday, April 30th. The rupiah exchange rate on the spot market closed up 2.70 percent or 414 points to a level of Rp14,882 per US dollar.

The various positive sentiments expressed by Monex Investindo Futures Research Head, Ariston Tjendra this morning were proven. The rupiah also experienced the biggest strengthening in the Asian region this afternoon.

"The positive sentiment was fueled by reports of drug testing progress from Gilead Sciences, the Fed which still supports its benchmark interest rate near zero, stronger crude oil prices, earnings reports of big US technology companies like Facebook and Microsoft," Ariston told VOI.

In addition, said Ariston, the easing of lockdowns in several pandemic countries and the data on China's manufacturing activity index that grew in April brought positive air for risky assets. "Provides an initial indication to the market that the global economy is recovering," he said.

This afternoon, almost all major currencies in Asia Pacific strengthened against the US dollar. Starting from the Japanese yen, Singapore dollar, Malaysian ringgit, Thai baht, to the Philippine peso. The Hong Kong dollar experienced a different fate, which weakened slightly by 0.01 percent against the US dollar.