{
    "success": true,
    "data": {
        "id": 1827239,
        "msgid": "asian-currencies-crushed-by-dollar-rupiah-falls-but-ringgit-stands-firm-1782550273",
        "date": "2026-06-27 15:05:17",
        "title": "Asian Currencies Crushed by Dollar: Rupiah Falls, But Ringgit Stands Firm",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Most Asian currencies weakened against a resilient US dollar on Friday, with the Indonesian rupiah falling 0.36% to near the psychological level of Rp 18,000 per dollar. The Thai baht and Philippine peso suffered the steepest declines, while the Malaysian ringgit was the sole outperformer, surging 1.19%. The dollar's strength is being underpinned by expectations of tighter US monetary policy and elevated inflation data.",
        "content": "<p>The majority of Asian currencies were pressured by the United States\n(US) dollar at the close of trading on Friday (26\/6\/2026), as the US\ndollar index strengthened and remained at elevated levels. According to\nRefinitiv data covering 10 Asian currencies, eight weakened against the\ngreenback, one strengthened, and one was stagnant. The rupiah was among\nthose under significant pressure, with the Garuda currency weakening\n0.36% to Rp 17,905 per US dollar, edging it closer to the psychological\nlevel of Rp 18,000 per US dollar. The deepest pressure was felt by the\nThai baht, which slumped 1.46% to THB 33.31 per US dollar, making it one\nof the worst performers. The Philippine peso followed with a\ndepreciation of 0.96% to PHP 61.23 per US dollar. The Taiwan dollar also\nfell into the red, dropping 0.55% to TWD 31.85 per US dollar. The\nSingapore dollar weakened 0.22% to SGD 1.296 per US dollar, while the\nChinese yuan corrected 0.43% to CNY 6.798 per US dollar. The Japanese\nyen also depreciated 0.28% to JPY 161.73 per US dollar, while the\nVietnamese dong was stagnant at VND 26,245 per US dollar. In contrast,\nthe Malaysian ringgit posted the sharpest gain in Asia, surging 1.19% to\nMYR 4.005 per US dollar. Meanwhile, the US dollar index (DXY) was\nobserved edging down slightly by 0.07% to 101.357 in yesterday\u2019s\ntrading, though this minor dip did not dislodge the greenback from its\nhigh territory. The DXY had previously pulled away from its strongest\nlevel since May 2025, but the dollar remains on track for its first\ntwo-week winning streak since the Middle East conflict erupted in late\nFebruary. The dollar\u2019s recent strength continues to be influenced by\nexpectations of tighter US monetary policy. Following last week\u2019s FOMC\nmeeting, markets began to perceive a divergence in policy direction\nbetween the US and other regions, particularly Europe. Analysts at\nCapital Economics assessed that the dollar had corrected slightly after\na sharp post-FOMC surge, but they believe the monetary policy divergence\nbetween the US and Europe could still open room for further greenback\ngains in the second half of 2026. On the data front, US inflation\nremains a market focus. The Personal Consumption Expenditures (PCE)\nprice index, the Federal Reserve\u2019s preferred inflation gauge, rose 4.1%\nyear-on-year in May 2026, in line with economist expectations and\ninfluenced by a surge in energy prices due to the Middle East conflict.\nSeveral Fed officials offered mixed signals. Chicago Fed President\nAustan Goolsbee noted a glimmer of hope in services inflation but\nmaintained that core price pressures remain too high and are moving in\nan uncomfortable direction. New York Fed President John Williams stated\nthat inflationary pressures are likely to ease this year, but the\ncurrent level of inflation is still too high. These comments slightly\ndampened market expectations for overly rapid interest rate hikes.\nAccording to the CME FedWatch Tool, markets are now pricing in a 69%\nprobability that the Fed will hold rates steady at the meeting ending 29\nJuly, up from 65.8% a day earlier.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asian-currencies-crushed-by-dollar-rupiah-falls-but-ringgit-stands-firm-1782550273",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}