On Wednesday, Rupiah Weakened 38 Points To Rp. 13,928 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market opened lower in trading today, Wednesday, June 10. The rupiah was opened lower by 38 points to a level of Rp13,928 per US dollar (US).

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the rupiah had been consolidating for the past two days against the US dollar. This movement may occur again today, especially since the market is waiting for the results of the US Central Bank's monetary meeting at dawn.

"The Fed is likely not going to change its benchmark interest rate policy, but it will still support stimulus to restore the economy," Ariston told VOI.

Market players, according to him, still respond positively to the reopening of the economy amid the pandemic, but on the other hand, the market is still vigilant about the development of the spread of the plague and the potential for the US and China trade war.

"Technically, the rupiah is still on track to strengthen as long as it closes below Rp. 14,000. With the potential to reach the support area of Rp. 13,700 per US dollar today.

The majority of other Asian currencies strengthened against the US dollar this morning. The South Korean won led the strengthening of Asian currencies against the US dollar by 0.14 percent gain, the Thai baht strengthened 0.12 percent, the Taiwan dollar strengthened 0.11 percent.

Then the Singapore dollar strengthened 0.04 percent, the Japanese yen strengthened 0.02 percent and the Malaysian ringgit strengthened 0.02 percent against the US dollar.