Rupiah late Thursday weakened to Rp. 14,468
By : Herry Barus And Aldo Bella Putra | Thursday, August 02 2018 - 20:30 IWST
Rupiah (Foto Dok Industry.co.id)
INDUSTRY.co.id - Jakarta - The rupiah exchange rate transacted between banks in Jakarta on Thursday afternoon moved down by 35 points to Rp14,468 compared to the previous Rp14,433 per US dollar.
CSA Research Institute senior analyst Reza Priyambada in Jakarta, Thursday (2/8/2018), said the rupiah exchange rate again depreciated against the US dollar as the economic sentiment of the United States improved.
"US employment data is improving, it can trigger rising inflation expectations that can push the Fed's interest rates to rise in the future," he said.
He added that US bond yields that rose through 3 percent added pressure on currencies in developing countries, money market players tend to accumulate assets denominated in US dollars.
Meanwhile, Samuel Asset Management economist Lana Soelistianingsih told Antara, saying the Fed meeting on July 31-August 1 decided the Fed's interest rate remained at the level of 1.75 percent to 2 percent.
"This fixed decision is in line with expectations. But expectations of the Fed's rate hike for September show an increasing probability," he said.
Meanwhile, Bank Indonesia's middle exchange rate on Thursday (2/8), recorded the rupiah weakening to Rp. 14,446 compared to the previous (1/8) in the position of Rp. 14,442 per US dollar.