{
    "success": true,
    "data": {
        "id": 1824804,
        "msgid": "rupiah-corrects-this-morning-us-dollar-returns-to-rp17-950-1782442267",
        "date": "2026-06-26 09:04:17",
        "title": "Rupiah Corrects This Morning, US Dollar Returns to Rp17,950",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah opened weaker on Friday, depreciating 0.20% to Rp17,950 against the US dollar, reversing the previous day's marginal gains. The correction comes amid a strengthening US dollar index and persistent inflationary pressures in the United States. Domestically, the government is advancing plans to issue Panda Bonds in Chinese yuan as part of a strategy to diversify financing sources and reduce reliance on the US dollar.",
        "content": "<p>The rupiah exchange rate began the final trading day of the week,\nFriday (26\/6\/2026), in negative territory against the United States (US)\ndollar. Referring to Refinitiv data, the Garuda currency opened weaker\nat Rp17,950 per US dollar, depreciating by 0.20%. This decline occurred\nafter the rupiah managed to close slightly stronger by 0.06% at Rp17,915\nper US dollar in the previous session on Thursday (25\/6\/2026).\nMeanwhile, the US dollar index (DXY), which measures the greenback\u2019s\nstrength against six major world currencies, was observed strengthening\n0.10% to 101.533 as of 09:00 WIB. The rupiah\u2019s movement today is still\nexpected to remain positive amid relatively stable US dollar dynamics in\nthe global market. The US dollar index had halted a three-day rally on\nThursday\u2019s trading. The DXY moved down from its strongest level since\nMay 2025, although it remains on track for a second consecutive weekly\ngain since the Middle East conflict reignited in late February. Market\nparticipants are also still scrutinising US inflation data. The Personal\nConsumption Expenditures (PCE) Price Index, the central bank\u2019s preferred\ninflation gauge, rose 4.1% year-on-year in May 2026. This increase was\nin line with economists\u2019 expectations and indicates that cost-of-living\npressures in the US remain high, particularly after the Middle East\nconflict contributed to rising energy prices. Domestically, the\ngovernment is seeking to reduce dependence on the US dollar. One such\neffort involves a plan to issue Chinese yuan-denominated bonds, known as\nPanda Bonds. Herman Saheruddin, Acting Director General of Financial\nSector Stability and Development at the Ministry of Finance, stated that\nthe Panda Bond issuance is part of diversifying the government\u2019s\nfinancing sources. \u2018The reason for issuing Panda Bonds is to seek\nalternative financing sources, or it can be said as diversification.\nWith this diversification, the hope is that the risk to our state budget\nburden from debt financing originating from exchange rate risk can be\ndiversified, and we can reduce the impact of US dollar dependence,\u2019\nHerman said when met by reporters at his office on Thursday (26\/6\/2026).\nWith more diverse financing sources, pressure from US dollar\nfluctuations on the state budget is expected to be more limited. Herman\nassessed that China is an attractive partner because it has demand for\nIndonesian bonds at prices still aligned with the country\u2019s economic\nfundamentals. Previously, Finance Minister Purbaya Yudhi Sadewa also\nemphasised that Panda Bonds are strategic as part of efforts to\ndiversify government securities. This scheme can also utilise Local\nCurrency Transactions (LCT), thereby eliminating the need to rely on\nconversion to US dollars.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-corrects-this-morning-us-dollar-returns-to-rp17-950-1782442267",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}