Closed Tuesday Rupiah Gains 25 Points To Rp14,090 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was able to strengthen at the close of trading Tuesday, June 16. The rupiah closed up 0.18 percent or 25 points to Rp14,090 per US dollar.

Earlier, Monex Investindo Futures Head of Research, Ariston Tjendra said, the US Central Bank, this morning, issued a new stimulus policy aimed at helping US companies through the pandemic.

The Fed launched a US corporate bond purchase program on the secondary market with a budget of up to US $ 750 billion. This policy seems to have pushed the US dollar down because it boosted the liquidity of this currency.

This US central bank stimulus also provided positive sentiment for riskier assets such as the rupiah. This action by the Fed temporarily closed market concerns over the increasing spread of the COVID-19 outbreak and the second wave (second wave).

This afternoon, the majority of currencies in Asia strengthened against the US dollar. The South Korean won took the lead by appreciating 0.76 percent against the US dollar.

Followed by the Philippine peso which strengthened 0.59 percent, then the Chinese yuan strengthened 0.10 percent, the Taiwan dollar strengthened 0.08 percent, and the Malaysian ringgit strengthened 0.07 percent.