{
    "success": true,
    "data": {
        "id": 1713575,
        "msgid": "asian-currencies-suffer-including-rupiah-except-yen-won-1777694008",
        "date": "2026-05-02 10:00:42",
        "title": "Asian Currencies Suffer, Including Rupiah, Except Yen-Won",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah weakened by 0.17% to Rp17,305 per US dollar on Friday, marking a 0.67% decline over the week, amid pressures from a strengthening US dollar influenced by the Federal Reserve's divided decision to hold interest rates and escalating Middle East tensions. Among Asian currencies, the rupiah ranked as the third worst performer after the Philippine peso and Indian rupee, while the Japanese yen surged 1.47% and the South Korean won gained 0.37%. This volatility highlights ongoing global uncertainties, including potential disruptions to energy supplies from US-Israel-Iran conflicts, underscoring the rupiah's vulnerability in international markets.",
        "content": "<p>Jakarta, CNBC Indonesia - The rupiah continues to face pressure\nagainst the US dollar, making the currency of Uncle Sam\u2019s country\nincreasingly dominant amid the unrelenting turmoil of the Middle East\nwar.<\/p>\n<p>According to Refinitiv, on Friday (1\/5\/2026), the rupiah closed 0.17%\nweaker at Rp17,305\/US$. Meanwhile, over the course of this week, the\nrupiah remained in the doldrums, weakening 0.67% on a point-to-point\nbasis.<\/p>\n<p>Among Asian currencies, the rupiah was the third worst performer,\nafter the Philippine peso and Indian rupee, which corrected by 0.99% and\n0.69% respectively over the week.<\/p>\n<p>The Japanese yen was the strongest over the week, surging 1.47%,\nfollowed by the South Korean won which strengthened 0.37%.<\/p>\n<p>This week\u2019s Asian currency movements were still influenced by US\ndollar dynamics in the global market, although the US dollar was\nobserved to weaken 0.38% over the week, as seen from the DXY index.\nHowever, in Friday\u2019s trading, the DXY index strengthened 0.16% to\n98.21.<\/p>\n<p>The dynamics of US dollar movements occurred after the US central\nbank (Federal Reserve\/The Fed) decided to hold interest rates again,\nleading the market to scrutinise the future direction of US monetary\npolicy more closely, especially after the meeting showed quite sharp\ndifferences of opinion within The Fed.<\/p>\n<p>The Fed\u2019s decision this time was taken by a vote of 8 to 4, making it\nthe most divided decision since 1992.<\/p>\n<p>This situation opens up challenges that Kevin Warsh will face when he\nlater serves as Fed Chairman, especially if he wants to push for\ninterest rate cuts. Jerome Powell\u2019s term as Fed Chairman ends on 15\nMay.<\/p>\n<p>In a press conference, Powell stated that although four Fed officials\nrejected maintaining the easing bias, he does not see the US central\nbank heading towards rate hikes.<\/p>\n<p>In addition to the Fed factor, the market is still overshadowed by\nthe US-Israel war with Iran, which shows no signs of abating. This\nuncertainty also keeps demand for the US dollar high as a safe-haven\nasset.<\/p>\n<p>US President Donald Trump is reported to have discussed ways to\nmitigate the impact of a potential Iranian port blockade for several\nmonths with US oil companies. This situation has reignited concerns over\nglobal energy supplies.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asian-currencies-suffer-including-rupiah-except-yen-won-1777694008",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}