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

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…