Opened Weakened, Analyst: Rupiah Can Strengthen Encouraged By Pfizer Vaccine Emergency Use

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - The rupiah exchange rate on the spot market was opened lower on Monday, December 14 trading. The rupiah opened lower by 0.16 percent to a level of Rp14,102 per US dollar (US).

Head of Research at Monex Investindo Futures, Ariston Tjendra, said that even though it was opened lower, the rupiah could strengthen today with some positive sentiments. One of them is from the approval of the emergency use of the Pfizer vaccine by the United States BPOM or the FDA.

"This agreement follows the agreement that has been given by Britain, Canada and Bahrain. The use of vaccines can accelerate the global economic recovery," said Ariston to VOI.

He continued, emerging market exchange rates also seemed to strengthen against the US dollar this morning. According to him, the rupiah has the potential to move in the range of IDR 14,000-14,150 per US dollar.

This morning, the majority of currencies in the Asian region were observed to strengthen against the US dollar. The Japanese yen strengthened 0.02 percent, the Singapore dollar strengthened 0.12 percent, and the Taiwan dollar strengthened 0.02 percent.

Then, the Philippine peso strengthened 0.02 percent, the Indian rupee strengthened 0.02 percent, the Chinese yuan strengthened 0.16 percent, and the Thai baht was observed to increase 0.10 percent.