JAKARTA - The rupiah exchange rate on the spot market slightly strengthened at the close of trading Wednesday, June 17. The rupiah strengthened 0.5 percent or 8 points to the level of Rp14,083 per US dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said the slight increase was because the market was still worried about the second wave (second wave) in a country that had reopened its economy.
"So this worry is holding back the positive sentiment from the Fed," Ariston told VOI.
This afternoon, currency movements in the region also varied. The Taiwan dollar was the biggest strengthening currency after rising 0.17 percent.
Followed by the Singapore dollar which strengthened 0.13 percent and the Indian rupee which appreciated 0.07 percent against the US dollar. Meanwhile, the Philippine peso also managed to gain slightly by 0.04 percent.
Meanwhile, the South Korean won was still the currency with the deepest weakness in the day after losing 0.57 percent. Next there was the Thai baht which fell 0.12 percent.
Then, the Chinese yuan and Japanese yen were both seen weakening 0.04 percent. And the Malaysian ringgit also eroded 0.02 percent. Meanwhile, the Hong Kong dollar moved steadily against the US dollar.
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