JAKARTA – The movement of the rupiah exchange rate has crossed the level of Rp. 16,300 against the US dollar. Quoted from RTI data, on Friday (June 14), the rupee exchange rate was at the highest level of Rs 16,374 per US dollar and the lowest of Rs 16,347 per US dollar.
In response, Bank Indonesia (BI) Governor Perry Warjiyo said the rupiah exchange rate against the US dollar had experienced a smaller depreciation compared to other countries.
“Rupees (rupees exchange rate to US dollar) 16,300 IDR, please, from the end of last year, Indonesia is very low and compared to other countries. Compared to South Korea, compared to Philippine Pesu, Thai Baht, Japanese Yen. Our depreciation includes low and stable,” he said at the Presidential Palace Complex, Central Jakarta, Friday, June 14.
Perry said that the rupee exchange rate is currently one of the stable and best currencies in the world.
In the future, he said, central banks will continue to stabilize exchange rates such as interventions, withdrawal of foreign wallets in the country until the withdrawal of natural resources for export ( D He) is going well.
Previously, PT Laba Tradingindo Berangka director Ibrahim Assuaibi said the US central bank now sees only one interest rate cut this year, down from the previous estimate by up to three times .
“Some decision-makers have even called for no reduction in interest rates this year due to high inflation,” he explained in an official statement cited on Friday June 14.
Ibrahim said the Fed also raised inflation forecasts for 2024. But the Fed’s comments were preceded by consumer price index inflation that showed inflation was slightly lower than expected in May.
According to him, this number hit the dollar and lowered the turnover of the Treasury, because traders receive a narrative of disinflation.
But the dollar stabilized after the Fed’s comments, as a higher and longer interest rate is likely to be beneficial for a rebound.
Ibrahim said scenarios like this were also a bad sign for risk-driven currencies.
PPI data released on Thursday should provide more information on inflation.
Additionally, the U.S. central bank will likely keep interest rates steady but is expected to partially reduce bond purchases in an effort to tighten policies. Although the tighter monetary conditions should provide support to its currency.
Ibrahim believes that the rupiah will move volatile, but closes to strengthen in today’s trading in the price range of IDR 16,230 to IDR 16,310 per US dollar.
Tag: dolar as nilai tukar rupiah pelemahan rupiah mata uang
