{
    "success": true,
    "data": {
        "id": 2005757,
        "msgid": "rupiah-approaches-rp18-000-level-here-are-the-triggers-1790571333",
        "date": "2026-09-28 10:46:09",
        "title": "Rupiah Approaches Rp18,000 Level, Here Are the Triggers",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah weakened against the US dollar at the start of Monday's trading, driven by stronger-than-expected US durable goods sales and rising US bond yields. Analysts suggest the currency may continue to fluctuate between Rp17,900 and Rp18,000 due to geopolitical tensions and hawkish Federal Reserve expectations.",
        "content": "<p>The exchange rate of the rupiah against the US dollar weakened by 45\npoints or 0.25 per cent at the opening of trading on Monday, reaching\nRp17,948 per US dollar compared to the previous close of Rp17,903 per US\ndollar.<\/p>\n<p>Lukman Leong, an analyst at Doo Financial, stated that the rupiah\u2019s\ndepreciation was influenced by US durable goods sales data being\nstronger than anticipated. \u201cThe rupiah is expected to weaken against the\nUS dollar amidst rising US bond yields, global crude oil prices, and the\nprospect of Federal Reserve interest rate hikes following stronger US\neconomic data (durable goods sales), as well as the US rejection of\nIran\u2019s proposal,\u201d he said in Jakarta on Monday.<\/p>\n<p>It was noted that US durable goods sales remained unchanged at 0 per\ncent, yet this was higher than the projected decline of 0.4 per cent.\nConsequently, as reported by Xinhua, new orders for US-made durable\ngoods in August remained stable at $338.6 billion.<\/p>\n<p>Furthermore, Anadolu reported that US President Donald Trump rejected\nthe latest proposal from Iran presented to Washington during indirect\nnegotiations in New York this week. Tehran had proposed the reopening of\nstrategic waterways and the resumption of nuclear talks within one week,\nin exchange for the lifting of the Washington naval blockade, the\nremoval of sanctions on Iranian oil sales, and the restoration of a\nregional ceasefire.<\/p>\n<p>The US is reportedly considering new strikes following the US\nmid-term elections in November 2026. Based on these factors, US 10-year\nbond yields stood at 5.2 per cent and 30-year yields at 5.52 per\ncent.<\/p>\n<p>Meanwhile, West Texas Intermediate (WTI) crude oil prices were in the\nrange of $94.15 per barrel, and Brent stood at $103.2 per barrel.<\/p>\n<p>Investors are also closely monitoring the prospects of a more hawkish\nFederal Reserve policy. According to the CME FedWatch tool, market\nparticipants now estimate approximately a 70 per cent chance of a\nquarter-point interest rate hike at the Fed\u2019s October meeting, up from\n50 per cent at the start of the week.<\/p>\n<p>This shift is driven by strong economic data and hawkish comments\nfrom policymakers, which have reinforced expectations that interest\nrates may remain high for a longer period.<\/p>\n<p>Referring to the aforementioned sentiments, Lukman predicts the\nrupiah will move within the range of Rp17,900\u2013Rp18,000 per US\ndollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-approaches-rp18-000-level-here-are-the-triggers-1790571333",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}