The conditional two-week ceasefire agreed upon by US President Donald\nTrump with Iran has provided a positive buffer for the rupiah\u2019s exchange\nrate after it had weakened. This was stated by Permata Bank economist\nJosua Pardede.<\/p>\n
\u201cI see the news of the temporary ceasefire between the US and Iran as\nindeed providing a positive buffer for the rupiah, but its impact is\nmore as a pressure reliever,\u201d he said in Jakarta on Wednesday (8\/4).<\/p>\n
According to him, the rupiah\u2019s exchange rate will heavily depend on\nthe direction following the ceasefire. The conflict, which is hoped to\nsubside, could merely be a pause that pushes pressure on the rupiah\nagain.<\/p>\n
The ceasefire, he said, will affect the reopening of the Strait of\nHormuz, allowing ships to pass through again. This is because it is a\nvital route for global oil distribution that influences oil prices.<\/p>\n
If global oil prices remain above $100 per barrel, he said this would\ninstead become a new baseline, and the world cannot return to the\npre-Iran war conditions.<\/p>\n
After the ceasefire agreement was announced, Josua noted that Brent\ncrude prices fell around 16% to $91.70 per barrel, while West Texas\nIntermediate (WTI) dropped 14%.<\/p>\n
The US dollar index was also reported to weaken by around 0.6-0.7%,\nUS Treasury yields declined, and markets reopened the possibility of a\nFederal Reserve rate cut of up to about 60% by year-end.<\/p>\n
The combination of these two factors, he said, can reduce pressure\nfrom energy imports and dampen the push for dollar strengthening as a\nsafe-haven asset, thereby preventing further rupiah depreciation.<\/p>\n
\u201cBefore this news, the market was still very cautious. I assess that\nthis ceasefire sentiment is not yet strong enough to reverse the\nrupiah\u2019s direction,\u201d he stated.<\/p>\n
The ceasefire between the United States and Iran has impacted the\nstrengthening of the rupiah\u2019s exchange rate. At the close of trading on\nWednesday (8\/4), the rupiah strengthened by 93 points or 0.54%.<\/p>\n
The temporary ceasefire between the United States and Iran, mediated\nby Pakistan, has become a positive catalyst for global financial\nmarkets, including Indonesia.<\/p>\n
The Indonesian rupiah exchange rate strengthened significantly in\nWednesday morning trading, in line with the easing of external pressures\ndue to global geopolitical developments.<\/p>\n
The rupiah exchange rate against the US dollar recorded a positive\nperformance at the opening of trading on Wednesday morning, 8 April\n2026.<\/p>\n
Bank Indonesia (BI) stated that stability is currently the top\npriority amid very high global uncertainty.<\/p>\n
Several countries in the European region have given positive\nresponses to the temporary two-week ceasefire agreement between Iran and\nthe United States.<\/p>\n
Domestic fertiliser availability remains maintained despite tensions\nin the Strait of Hormuz, Middle East, which impacts international trade\nroutes.<\/p>\n
The plastics industry in Tasikmalaya City is beginning to feel\nserious impacts from the escalating geopolitical conflict in the Middle\nEast involving the United States, Israel, and Iran.<\/p>\n
Saudi Arabian authorities have completely closed the King Fahd Bridge\nto Bahrain following rising geopolitical tensions ahead of the end of\nPresident Donald Trump\u2019s ultimatum to Iran.<\/p>\n
Iran will only open the Strait of Hormuz if transit revenues are used\nfor war compensation. Tehran also sharply criticised Donald Trump over\nthe escalation of conflict in the region.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ceasefire-provides-positive-buffer-for-rupiah-market-monitors-oil-prices-1775652797", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }