{ "success": true, "data": { "id": 1885854, "msgid": "rupiah-continues-to-weaken-us-dollar-closes-higher-at-rp18-055-1785228752", "date": "2026-07-28 15:04:25", "title": "Rupiah Continues to Weaken, US Dollar Closes Higher at Rp18,055", "author": "", "source": "CNBC", "tags": "", "topic": "Finance", "summary": "The Indonesian rupiah extended its losing streak to a fourth consecutive day, closing 0.31% weaker at Rp18,055 against the US dollar on Tuesday. Market sentiment was dampened by the leadership transition at Bank Indonesia following the governor's resignation and anticipation of a potential interest rate hike by the US Federal Reserve. The central bank has appointed a temporary governor and assured markets of policy continuity to maintain stability.", "content": "

The rupiah exchange rate remains unable to withstand pressure from\nthe United States (US) dollar. The Garuda currency closed weaker against\nthe greenback in trading on Tuesday (28\/7\/2026).<\/p>\n

Referring to Refinitiv data, the rupiah closed depreciated by 0.31%\nat Rp18,055\/US$. This weakening left the rupiah in the red zone for four\nconsecutive trading days.<\/p>\n

The rupiah opened trading today with a depreciation of 0.33% at the\nlevel of Rp18,060\/US.T<\/em>h<\/em>e<\/em>p<\/em>r<\/em>e<\/em>s<\/em>s<\/em>u<\/em>r<\/em>e<\/em>i<\/em>n<\/em>t<\/em>e<\/em>n<\/em>s<\/em>i<\/em>f<\/em>i<\/em>e<\/em>d<\/em>,\u2006p<\/em>u<\/em>s<\/em>h<\/em>i<\/em>n<\/em>g<\/em>t<\/em>h<\/em>e<\/em>r<\/em>u<\/em>p<\/em>i<\/em>a<\/em>h<\/em>t<\/em>o<\/em>t<\/em>o<\/em>u<\/em>c<\/em>h<\/em>R<\/em>p<\/em>18,\u2006095\/U<\/em>S<\/em><\/span>,\nits weakest position throughout today\u2019s trading.<\/p>\n

However, the Garuda currency managed to trim some of its losses ahead\nof the close and ended five points stronger than its opening\nposition.<\/p>\n

Meanwhile, the US dollar index (DXY), which measures the greenback\u2019s\nstrength against six major world currencies, was observed slightly\nstrengthening by 0.01% to 101.491 at 15.00 WIB.<\/p>\n

The movement of the Garuda currency remains overshadowed by the\nleadership transition at Bank Indonesia (BI) and the wait for the US\ncentral bank\u2019s interest rate decision.<\/p>\n

The market is still awaiting the change of leadership at BI after\nPerry Warjiyo resigned from his position as governor on Saturday\n(25\/7\/2026) for personal reasons.<\/p>\n

The BI Board of Governors appointed Senior Deputy Governor Destry\nDamayanti as acting BI Governor in a meeting held on Sunday\n(26\/7\/2026).<\/p>\n

Destry emphasised that the duties and decision-making at the central\nbank will continue to be carried out collectively and collegially. BI\nalso ensured the continuity of policies to maintain the stability of the\nrupiah exchange rate, payment systems, and the financial system.<\/p>\n

Externally, the US dollar remained near its highest level in a month\nahead of the Federal Reserve\u2019s interest rate decision. The Federal Open\nMarket Committee (FOMC) meeting is taking place over two days and will\nconclude on Wednesday (29\/7\/2026).<\/p>\n

Based on CME FedWatch, the market is pricing in a 36.3% probability\nthat the Fed will raise interest rates by 25 basis points at this\nmeeting. This figure has increased from 16% the previous week.<\/p>\n

The market also sees an 81% chance that a rate hike will be\nimplemented at the September meeting.<\/p>\n

Expectations of tighter US monetary policy have kept the appeal of\ndollar-denominated assets intact and added pressure on the rupiah.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-continues-to-weaken-us-dollar-closes-higher-at-rp18-055-1785228752", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }