JAKARTA - The rupiah exchange rate on the spot market opened higher on trading Tuesday, July 28. The rupiah opened up and strengthened 80 points or 0.55 percent to the level of Rp14,455 per US dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that this morning, risky assets on the financial market seemed to strengthen, such as the Asian stock index, major world currencies and emerging markets.
"The yield on the 10-year US government bond is seen rising back to the 0.61 percent area, after previously moving below 0.60 percent, which indicates the market is returning to riskier assets including the rupiah," Ariston told VOI.
According to him, the strengthening of risk assets was supported by the US $ 1 trillion US fiscal stimulus plan to help the US economy, which was depressed due to the COVID-19 pandemic.
"In addition, the report on the progress of Moderna and Pfizer vaccines, which are expected to be used at the end of the year, will also boost risky assets, including the rupiah," said Ariston.
He predicts that the rupiah will strengthen today in the range of IDR 14,450-14,600 per US dollar.
This morning, until 09.00 WIB, all currencies in the Asia Pacific region were compact in the green zone. The Taiwan dollar is one level below the rupiah after successfully strengthening 0.46 percent against the US dollar.
Followed by the South Korean won which rose 0.37 percent and the Thai baht which rose 0.18 percent. Next there was the Philippine peso which raised 0.15 percent.
Furthermore, the Singapore dollar and Malaysian ringgit both appreciated 0.13 percent. Meanwhile, the Chinese yuan was seen rising 0.07 percent and the Japanese yen strengthening 0.04 percent. Meanwhile, the Hong Kong dollar edged up 0.008 percent against the US dollar this morning.
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)
