Tuesday Afternoon Rupiah Gains 44 Points To Level Rp14,741 Per US Dollar

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was closed and ended higher on trading Tuesday, July 21. The rupiah closed up 0.30 percent or 44 points to a level of Rp14,741 per US dollar (US).

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that the strengthening of the rupiah was due to positive sentiment that seemed to have returned to the financial market. The sentiment was that last night there was a report on the progress of COVID-19 vaccine research in collaboration between European biopharmaceutical company Astrazeneca and Britain's University of Oxford.

"This afternoon the market also received positive sentiment from the achievement of the EU stimulus agreement of 750 billion euros," Ariston told VOI.

This afternoon, currencies in the Asia Pacific region moved mixed in front of the US dollar. The gain was led by the South Korean won, which appreciated 0.46 percent.

Followed by the Thai baht which strengthened 0.32 percent. Indian rupee seen strengthening 0.23 percent.

The Taiwan dollar and the Hong Kong dollar gained 0.05 percent and 0.01 percent, respectively.

Meanwhile, the currency that weakened against the US dollar was led by the Chinese yuan which weakened 0.15 percent. Followed by the Singapore dollar which weakened 0.11 percent.

The Philippine peso and Japanese yen were seen slightly weaker 0.01 percent.