{ "success": true, "data": { "id": 1820488, "msgid": "asian-currencies-tumble-rupiah-and-philippine-peso-hit-hard-yen-stands-alone-in-green-1782273081", "date": "2026-06-24 09:46:33", "title": "Asian Currencies Tumble, Rupiah and Philippine Peso Hit Hard, Yen Stands Alone in Green", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "Most Asian currencies weakened against the US dollar on Wednesday, with the Indonesian rupiah and Philippine peso suffering the steepest declines. The rupiah fell 0.64% to near the psychological level of Rp18,000\/US$, driven by a global flight to the safe-haven dollar amid a sell-off in technology stocks. The Japanese yen was the sole gainer, rising marginally as markets priced in higher odds of further US interest rate hikes.", "content": "

The majority of Asian currencies depreciated against the United\nStates dollar in trading on Wednesday (24\/6\/2026), pressured by a\nstrengthening greenback in global markets. According to Refinitiv data\nas of 09:24 Western Indonesia Time, nine out of ten monitored Asian\ncurrencies weakened against the dollar, with only one managing to\nadvance. The Indonesian rupiah suffered the deepest losses in the region\nthis morning, falling 0.64% to Rp17,955\/US,\u2006e<\/em>d<\/em>g<\/em>i<\/em>n<\/em>g<\/em>i<\/em>t<\/em>c<\/em>l<\/em>o<\/em>s<\/em>e<\/em>r<\/em>t<\/em>o<\/em>t<\/em>h<\/em>e<\/em>p<\/em>s<\/em>y<\/em>c<\/em>h<\/em>o<\/em>l<\/em>o<\/em>g<\/em>i<\/em>c<\/em>a<\/em>l<\/em>t<\/em>h<\/em>r<\/em>e<\/em>s<\/em>h<\/em>o<\/em>l<\/em>d<\/em>o<\/em>f<\/em>R<\/em>p<\/em>18,\u2006000\/U<\/em>S<\/em><\/span>.\nThe Philippine peso also experienced significant pressure, dropping\n0.60% to PHP 61.430\/US,\u2006f<\/em>o<\/em>l<\/em>l<\/em>o<\/em>w<\/em>e<\/em>d<\/em>b<\/em>y<\/em>t<\/em>h<\/em>e<\/em>T<\/em>h<\/em>a<\/em>i<\/em>b<\/em>a<\/em>h<\/em>t<\/em>w<\/em>h<\/em>i<\/em>c<\/em>h<\/em>c<\/em>o<\/em>r<\/em>r<\/em>e<\/em>c<\/em>t<\/em>e<\/em>d<\/em>0.57<\/span>.\nThe South Korean won entered negative territory, slipping 0.29% to KRW\n1,536.95\/US,\u2006w<\/em>h<\/em>i<\/em>l<\/em>s<\/em>t<\/em>t<\/em>h<\/em>e<\/em>V<\/em>i<\/em>e<\/em>t<\/em>n<\/em>a<\/em>m<\/em>e<\/em>s<\/em>e<\/em>d<\/em>o<\/em>n<\/em>g<\/em>d<\/em>e<\/em>c<\/em>l<\/em>i<\/em>n<\/em>e<\/em>d<\/em>0.24<\/span>.\nMilder depreciations were observed in the Malaysian ringgit, which fell\n0.10% to MYR 4.142\/US.B<\/em>o<\/em>t<\/em>h<\/em>t<\/em>h<\/em>e<\/em>T<\/em>a<\/em>i<\/em>w<\/em>a<\/em>n<\/em>d<\/em>o<\/em>l<\/em>l<\/em>a<\/em>r<\/em>a<\/em>n<\/em>d<\/em>t<\/em>h<\/em>e<\/em>S<\/em>i<\/em>n<\/em>g<\/em>a<\/em>p<\/em>o<\/em>r<\/em>e<\/em>d<\/em>o<\/em>l<\/em>l<\/em>a<\/em>r<\/em>e<\/em>d<\/em>g<\/em>e<\/em>d<\/em>d<\/em>o<\/em>w<\/em>n<\/em>0.03<\/span>\nand SGD 1.296\/US$ respectively. The Chinese yuan also faced slight\npressure, easing 0.02% to CNY 6.791\/US.A<\/em>m<\/em>i<\/em>d<\/em>t<\/em>h<\/em>e<\/em>b<\/em>r<\/em>o<\/em>a<\/em>d<\/em>\u2005\u2212\u2005b<\/em>a<\/em>s<\/em>e<\/em>d<\/em>w<\/em>e<\/em>a<\/em>k<\/em>n<\/em>e<\/em>s<\/em>s<\/em>,\u2006t<\/em>h<\/em>e<\/em>J<\/em>a<\/em>p<\/em>a<\/em>n<\/em>e<\/em>s<\/em>e<\/em>y<\/em>e<\/em>n<\/em>w<\/em>a<\/em>s<\/em>t<\/em>h<\/em>e<\/em>s<\/em>o<\/em>l<\/em>e<\/em>A<\/em>s<\/em>i<\/em>a<\/em>n<\/em>c<\/em>u<\/em>r<\/em>r<\/em>e<\/em>n<\/em>c<\/em>y<\/em>t<\/em>o<\/em>s<\/em>t<\/em>r<\/em>e<\/em>n<\/em>g<\/em>t<\/em>h<\/em>e<\/em>n<\/em>,\u2006i<\/em>n<\/em>c<\/em>h<\/em>i<\/em>n<\/em>g<\/em>u<\/em>p<\/em>0.02<\/span>.\nThe US Dollar Index (DXY), which measures the greenback against six\nmajor currencies, was marginally lower by 0.01% at 101.401 this morning.\nDespite the slight dip, the dollar remains robust, having closed\nTuesday\u2019s session up 0.38% at 101.408, its highest level in 13 months.\nThe dollar\u2019s strength continues to be underpinned by rising demand for\nsafe-haven assets. Investors sought protection after a sell-off in\nglobal technology and semiconductor stocks, sectors that had previously\ndriven market rallies. The correction prompted a shift of capital flows\ninto perceived safer assets, including the US dollar and US government\nbonds. Concurrently, expectations for further interest rate hikes by the\nUS Federal Reserve have intensified. Recent hawkish signals from Fed\nofficials, supported by a resilient US economy, have led markets to\nprice in a greater likelihood of tightening. According to the CME\nFedWatch Tool, the probability of a 25-basis-point rate increase at the\nJuly meeting has surged to 37%, up from just 8.5% a week earlier. For\nthe September meeting, the chance of a hike has jumped to 70% from\n29.1%. The prospect of higher US interest rates makes the dollar more\nattractive, as it boosts the potential returns on dollar-denominated\nassets and widens the yield differential with other currencies,\nincluding those in Asia. Ray Attrill, head of FX strategy at National\nAustralia Bank, noted that the dollar remains the preferred safe-haven\nasset for market participants, though he added that much of the positive\nsentiment is already priced in. He suggested that broader risk aversion,\nbeyond just the technology sector, or further increases in rate hike\nexpectations would be needed to propel the dollar significantly higher\nfrom current levels.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/asian-currencies-tumble-rupiah-and-philippine-peso-hit-hard-yen-stands-alone-in-green-1782273081", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }