JAKARTA - The rupiah exchange rate on the spot market opened higher on trading Tuesday, June 30. The rupiah opened up 75 points or 0.53 percent to a level of Rp. 14,170 per US dollar.
Head of Research at Monex Investindo Futures, Ariston Tjendra, said the market's concerns about the increasing spread of the COVID-19 virus have not disappeared.
"But this morning some risk assets looked positive due to the Fed governor's written comments saying he would keep interest rates very low for a long time to help the economy recover," Ariston told VOI.
In addition, said Ariston, China's manufacturing and non-manufacturing activity index data for June showed an increase in activity.
"This pull and pull on positive and negative sentiments can make the rupiah move to experience a slight weakening or strengthening today," said Ariston.
He also predicted that today's rupiah would move in the range of IDR 14,150-14,300 per US dollar.
This morning at 09:00 WIB, the majority of currencies in the Asian region strengthened against the US dollar. The strengthening was led by the rupiah, followed by the South Korean won, which rose 0.23 percent, and the Philippine peso (0.22 percent). Then the Taiwan dollar and the Chinese yuan strengthened 0.19 percent and 0.18 percent, respectively.
Furthermore, the Malaysian ringgit, Indian rupee and Thai baht gained 0.12 percent, 0.08 percent and 0.06 percent respectively. The Singapore dollar edged up 0.04 percent.
As for the currencies in the Asian region that weakened against the US dollar this morning, only the Japanese yen depreciated 0.10 percent.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
