{ "success": true, "data": { "id": 1797017, "msgid": "diverging-fates-for-asian-currencies-rupiah-and-ringgit-tumble-yen-strengthens-1781149973", "date": "2026-06-11 10:10:21", "title": "Diverging Fates for Asian Currencies: Rupiah and Ringgit Tumble, Yen Strengthens", "author": "", "source": "CNBC", "tags": "", "topic": "Economy", "summary": "Most Asian currencies weakened against the US dollar on Thursday, with the Indonesian rupiah and Malaysian ringgit among the fallers, pressured by geopolitical tensions and hawkish Federal Reserve expectations. The Thai baht led the region's gainers as US inflation data and renewed conflict in the Middle East kept currency markets volatile. The rupiah edged closer to the psychological level of 18,000 per dollar, highlighting the limited room for appreciation for regional currencies.", "content": "

Jakarta, CNBC Indonesia - The majority of Asian currencies weakened\nagainst the United States dollar in trading on Thursday (11\/6\/2026).\nPressure continues to overshadow the region\u2019s foreign exchange market,\neven though the US dollar index moved slightly weaker this morning.\nAccording to Refinitiv as of 09:15 WIB, six Asian currencies were\nobserved weakening against the greenback, while four currencies managed\nto strengthen. The rupiah was one of the currencies under pressure. The\nGaruda currency weakened 0.11% to Rp17,970\/US.T<\/em>h<\/em>i<\/em>s<\/em>p<\/em>o<\/em>s<\/em>i<\/em>t<\/em>i<\/em>o<\/em>n<\/em>b<\/em>r<\/em>i<\/em>n<\/em>g<\/em>s<\/em>t<\/em>h<\/em>e<\/em>r<\/em>u<\/em>p<\/em>i<\/em>a<\/em>h<\/em>b<\/em>a<\/em>c<\/em>k<\/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>l<\/em>e<\/em>v<\/em>e<\/em>l<\/em>o<\/em>f<\/em>R<\/em>p<\/em>18,\u2006000\/U<\/em>S<\/em><\/span>.\nIn contrast, the rupiah had opened at Rp17,925\/US,\u2006s<\/em>t<\/em>r<\/em>e<\/em>n<\/em>g<\/em>t<\/em>h<\/em>e<\/em>n<\/em>i<\/em>n<\/em>g<\/em>b<\/em>y<\/em>0.14<\/span>.\nThe Vietnamese dong followed with a correction to VND 26,314\/US,\u2006d<\/em>e<\/em>p<\/em>r<\/em>e<\/em>c<\/em>i<\/em>a<\/em>t<\/em>i<\/em>n<\/em>g<\/em>b<\/em>y<\/em>0.19<\/span>,\nwhile the Malaysian ringgit corrected slightly by 0.05% to MYR\n4.069\/US.T<\/em>h<\/em>e<\/em>C<\/em>h<\/em>i<\/em>n<\/em>e<\/em>s<\/em>e<\/em>y<\/em>u<\/em>a<\/em>n<\/em>e<\/em>d<\/em>g<\/em>e<\/em>d<\/em>0.03<\/span>.\nThe Singapore dollar and the Philippine peso both strengthened 0.04%, to\nSGD 1.287\/US$ and PHP 61.30\/US,\u2006r<\/em>e<\/em>s<\/em>p<\/em>e<\/em>c<\/em>t<\/em>i<\/em>v<\/em>e<\/em>l<\/em>y<\/em>.T<\/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>a<\/em>l<\/em>s<\/em>o<\/em>i<\/em>n<\/em>c<\/em>h<\/em>e<\/em>d<\/em>u<\/em>p<\/em>t<\/em>o<\/em>J<\/em>P<\/em>Y<\/em>160.46\/U<\/em>S<\/em><\/span>,\nstrengthening by 0.03%. The US dollar index (DXY), which measures the\ngreenback\u2019s strength against six major world currencies, was observed\nweakening slightly by 0.04% to 99.912. Although weakening, the US dollar\nis still moving near the 100 level, so pressure on Asian currencies has\nnot fully subsided. The US dollar\u2019s movement is still influenced by two\nmajor sentiments: geopolitical tensions in the Middle East and the\ndirection of the US central bank\u2019s (The Federal Reserve\/The Fed)\ninterest rate policy. The US dollar had moved in a volatile manner after\nnew US strikes in the Middle East depressed market sentiment. The\nforeign exchange market tends to move limitedly this week as investors\nweigh the fragility of the Middle East ceasefire amid renewed attacks\nbetween the US and Iran. The US military said the United States\ninitiated a new round of strikes on Iran on Wednesday evening local\ntime. US President Donald Trump also pledged to conduct more strikes if\na peace deal is not reached. Meanwhile, US inflation data is once again\nthe market\u2019s main focus. The US Consumer Price Index (CPI) rose 4.2%\nannually in May, the largest increase since April 2023. This rise in\ninflation is making investors cautious again about the direction of The\nFed\u2019s policy. However, core inflation pressure is still relatively more\ncontrolled. Core CPI was recorded as rising 0.2% month-on-month, lower\nthan the 0.4% increase in April. James Knightley, chief international\neconomist at ING, assessed that cooling wage pressures could help ease\ncore inflation. \u2018This should help keep inflation expectations anchored.\nSo, while we no longer expect the Fed to cut rates this year because of\nimproving economic momentum, we also don\u2019t foresee any rate hikes,\u2019\nKnightley said, as quoted by Reuters. Even so, market participants have\nnow fully priced in the chance of a 25-basis-point rate hike in\nDecember. This condition marks a sharp change compared to previous\nexpectations, when the market was still forecasting two rate cuts this\nyear before the Iran war broke out at the end of February. For Asian\ncurrencies, the combination of geopolitical uncertainty, high US\ninflation, and Fed interest rate expectations means the room for\nstrengthening remains limited. This is evident from the majority of\nregional currencies still moving weakly against the US dollar this\nmorning.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/diverging-fates-for-asian-currencies-rupiah-and-ringgit-tumble-yen-strengthens-1781149973", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }