Monday Rupiah Strengthened By 18 Points To Rp14,115 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market closed slightly higher on Monday, June 15 trading. The rupiah closed up 18 points or 0.13 percent to the level of Rp14,115 per US dollar (US).

Monex Investindo Futures Head of Research, Ariston Tjendra previously said, the risk of the second wave (second wave) of COVID-19 pushed market players out of risky assets because of fears that the economy would be restricted again.

"Market participants also responded negatively to the statement by the US Central Bank on Thursday morning that it was pessimistic that the global economy would recover quickly after the pandemic. The Fed said it would still provide stimulus to the economy until 2022," Ariston told VOI.

This afternoon, only the rupiah and Japanese yen strengthened against the US dollar in Asia. Meanwhile, the majority of other Asian currencies weakened against the US dollar until this afternoon.

The South Korean won led the weakening of Asian currencies against the US dollar by 0.99 percent weakening, followed by the Philippine peso which fell 0.35 percent, the Malaysian ringgit fell 0.33 percent.

Then the Indian rupee weakened 0.20 percent, the Singapore dollar weakened 0.16 percent, the Chinese yuan weakened 0.15 percent, the Taiwan dollar weakened 0.11 percent and the Thai baht weakened 0.07 percent against the US dollar.