Currency analyst Lukman Leong at Doo Financial Futures has projected\nthat the Indonesian rupiah will weaken on Monday as a result of the\nescalating conflict between Iran and the United States.<\/p>\n
Leong predicts the rupiah will depreciate to a range of 16,750-16,900\nper US dollar. The weakening of the rupiah is driven by market\nparticipants\u2019 tendency to avoid risky assets and shift funds to assets\nconsidered safer.<\/p>\n
\u201cThe rupiah is expected to weaken and move volatilely against the US\ndollar amid risk-off sentiment from the escalation of conflict in the\nMiddle East,\u201d Leong told Antara in Jakarta on Monday, 2 March 2026.<\/p>\n
Nonetheless, he added that Bank Indonesia (BI) is expected to\nintervene soon. The rupiah\u2019s exchange rate at the opening of trading in\nJakarta on Monday morning moved weaker by 42 points or 0.25 per cent to\n16,829 per US dollar from the previous close of 16,787 per US\ndollar.<\/p>\n
It was previously reported that on Saturday morning, 28 February 2026\nlocal time, the United States and Israel launched a series of attacks on\nIran, including the capital Tehran, causing infrastructure damage and\ncivilian casualties.<\/p>\n
Iran subsequently launched retaliatory missile strikes on Israeli\nterritory and US military facilities in the Middle East.<\/p>\n
Iran\u2019s Supreme Leader Ali Khamenei was confirmed killed as a result\nof the US-Israeli missile strike on his workplace.<\/p>\n
Following Khamenei\u2019s death, the Iranian government announced a 40-day\nmourning period and one week of work suspension.<\/p>\n
The Islamic Revolutionary Guard Corps (IRGC) and the Iranian Armed\nForces, in their written statement, vowed to avenge Khamenei\u2019s\ndeath.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/analysts-project-rupiah-weakening-amid-us-iran-conflict-1772431242", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }