On Thursday Rupiah Weakening Opened 30 Points To Rp14,740 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was opened lower on trading Thursday, May 28. The rupiah opened lower by 0.20 percent or 30 points to a level of Rp14,740 per US dollar (US).

Monex Investindo Futures Research Head, Ariston Tjendra said, it seems that sentiment has not changed today. Market players are still responding positively to potential economic growth by increasing plans or implementing lockdowns or lockdowns in pandemic countries, such as Japan, Australia, South Korea, the United States (US), Europe, China and other countries including Indonesia.

"However, the market is wary of developments in US attitudes that could cloud its relationship with China," Ariston told VOI.

This positive sentiment can still encourage the strengthening of the rupiah today, although in a consolidative movement, to the area of IDR 14,650 with resistance in the range of IDR 14,800.

This morning, currency movements in the Asian region tend to vary. Where the Singapore dollar became the currency with the largest strengthening after rising 0.16 percent.

Furthermore, there was the Thai baht which strengthened 0.11 percent. Then the Hong Kong dollar and the Taiwan dollar both appreciated 0.02 percent. The same thing happened to the Chinese yuan which managed to increase 0.02 percent against the US dollar.

Meanwhile, the South Korean won became the currency with the deepest decline after weakening 0.29 percent. Won opinion negative sentiment after South Korea's central bank cut interest rates to the lowest level at 0.5 percent due to the impact of the COVID-19.

Furthermore, there was the Malaysian ringgit and the Philippine peso, which depreciated 0.15 percent and 0.09 percent respectively. Then there is the Japanese yen which is also in the red zone after slightly decreasing 0.07 percent.