Rupiah Almost Lost To Around IDR 14,000 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market closed down 0.65 percent or 90 points in trading, Wednesday, June 10. The rupiah closed almost touching the level of Rp. 14,000 per US dollar, or at Rp. 13,980 per US dollar (US).

Today, the rupiah was actually above the level of RP14,000 per US dollar. However, in the final seconds of trading, the rupiah was again able to enter the Rp13,000 level.

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the weakening of the rupiah could be the market's response to complaints from Coordinating Minister for the Economy Airlangga Hartarto about the rupiah he considered too strong.

"In addition, maybe the market is worried about the increase in positive cases of COVID-19 in Indonesia, which reached a new record yesterday," said Ariston to VOI.

Market players are also still waiting for the results of the US Central Bank's monetary meeting at dawn to find out the next direction of the Fed's policy. According to him, this can affect the investment decisions of market players.

This afternoon, the majority of other Asian currencies strengthened against the US dollar up to. The South Korean won led the strengthening of Asian currencies against the US dollar with an increase of 0.55 percent, followed by the Thai baht which rose 0.51 percent.

Then, the Taiwan dollar strengthened 0.43 percent, the Japanese yen strengthened 0.41 percent, the Malaysian ringgit strengthened 0.26 percent, the Singapore dollar strengthened 0.26 percent, the Philippine peso strengthened 0.17 percent, the Chinese yuan strengthened 0.08 percent, and the Indian rupee rose 0.03 percent.