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)
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.

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.