JAKARTA - The rupiah exchange rate on the spot market opened higher in trading earlier this week. The rupiah opened up 15 points to a level of Rp14,685 per United States dollar (US).
Head of Research at Monex Investindo Futures, Ariston Tjendra, said that today the rupiah might come under pressure from external sentiment, namely talks about the US fiscal stimulus package which are still at a standstill.
"This encourages market participants to refrain from entering riskier assets today," Ariston told VOI .
From within the country, the market is still wary of the issue of acceptance of the Job Creation Law which could also put pressure on the rupiah, which is feared to trigger further demonstrations.
On the other hand, said Ariston, the transitional PSBB could have a positive impact on strengthening the rupiah because DKI Jakarta was more open to its economy.
"With the above sentiment, there is a chance for pressure on the rupiah today, but maybe not big. The potential is in the range of Rp14,650-14,750 per US dollar," said Ariston.
This morning in the Asia Pacific region, the rupiah strengthened along with the Indian rupee which strengthened 0.15 percent, the Singapore dollar strengthened 0.04 percent and the Japanese yen strengthened 0.02 percent.
The Hong Kong dollar is stagnant. Meanwhile, other Asian currencies weakened against the US dollar this morning. The Chinese yuan led the weakening of Asian currencies this morning by weakening 0.38 percent, followed by the Thai baht which fell 0.20 percent.
Then the Korean won weakened 0.08 percent, the Philippine peso fell 0.06 percent, the Malaysian ringgit fell 0.04 percent and the Taiwan dollar weakened 0.02 percent against the US dollar.
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