Rupiah Wednesday Morning Weakened to Rp13.892

By : Herry Barus And Aldo Bella Putra | Wednesday, April 25 2018 - 14:00 IWST

Mata uang Rupiah (Foto Ist)
Mata uang Rupiah (Foto Ist)

INDUSTRY.co.id - Jakarta - The rupiah exchange rate interbank in Jakarta on Wednesday morning moved down by 18 points to Rp13,892 compared to the previous position of Rp13,874 per US dollar.

Binaartha Securities analyst Reza Priyambada in Jakarta, Wednesday (25/4/2018) said that the US dollar again appreciated against a number of world currencies, including the rupiah following the increase in US bond yields.

"The yield on US bonds is rising as expectations for Fed rate increases," Reza Priyambada told media crew.

Nevertheless, he continued, the rupiah fluctuation is still relatively maintained following the steps of Bank Indonesia to intervene to prevent further weakening of the exchange rate.

"Hopefully, the conducive national economic fundamentals can be used as a momentum for the market to re-accumulate rupiah-based assets," he said.

Meanwhile, economist Samuel Asset Management Lana Soelistianingsih said market participants are beginning to consider the possibility of the US Fed or the Fed raising interest rates two to three more this year, from the current position of 1.5-1.75 percent .

"Rising US bond yields are feared to make the Fed raise interest rates at the FOMC meeting on May 1-2," he said.

News Comment

Today's Industry

Synopsys Software

Rabu, 13 Januari 2021 - 18:40 WIB

Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm

Synopsys receives highest score among 12 SAST providers in current offering category.

Electro-Balancer (E-Balancer)

Rabu, 13 Januari 2021 - 16:00 WIB

ZASCHE Handling Rolls Out New Range of Electric Balancers

the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Taylor Armerding, Software Security Expert at Synopsys Software Integrity Group (Photo by Linkedin)

Rabu, 13 Januari 2021 - 15:40 WIB

What is the Cost of Poor Software Quality in the U.S.?

And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Nivedita Murthy - Senior Security Consultant, at Synopsys Software Integrity Group

Jumat, 08 Januari 2021 - 17:35 WIB

DevSecOps: The good, the bad, and the ugly

DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.

Ilustration Collaborative robots – or cobots (Photo by Robotic Industries Association)

Selasa, 29 Desember 2020 - 16:25 WIB

Universal Robots Reaches Industry Milestone with 50,000 Collaborative Robots Sold

Cobot market pioneer Universal Robots (UR) solidified its frontrunner position today by selling the 50,000th UR cobot, which was purchased by a German manufacturer to enable higher productivity…