{
    "success": true,
    "data": {
        "id": 1937940,
        "msgid": "rupiah-ends-trading-at-17-694-per-us-dollar-1787568663",
        "date": "2026-08-24 17:05:00",
        "title": "Rupiah Ends Trading at 17,694 per US Dollar",
        "author": "Cahya  Mulyana",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Economy",
        "summary": "The rupiah weakened 27 points to close at Rp17,721 per US dollar, pressured by a widening current account deficit that reached 12.5 billion US dollars or 3.3% of GDP in the second quarter of 2026. Analysts attributed the deterioration to higher oil imports amid elevated global crude prices, though the overall balance of payments improved due to a rebound in capital and financial transactions. Concerns persist over sustained external pressures from geopolitical tensions and the potential for further US interest rate hikes.",
        "content": "<p>The rupiah exchange rate against the US dollar weakened 27 points or\n0.15% at the close of trading to Rp17,721 per US dollar, compared with\nthe previous close of Rp17,694 per US dollar.<\/p>\n<p>Currency analyst and Director of Laba Forexindo Berjangka Ibrahim\nAssuabi assessed that the rupiah\u2019s depreciation was influenced by the\nmarket\u2019s negative response to Indonesia\u2019s widening current account\ndeficit in the second quarter of 2026, which reached 12.5 billion US\ndollars or 3.3% of gross domestic product (GDP).<\/p>\n<p>\u201cThe figure increased sharply compared with the deficit in the\nprevious quarter, which was recorded at 3.6 billion US dollars or 1% of\nGDP. The widening of the current account deficit was influenced by a\nnumber of factors that are expected to be temporary, one of which is the\nincrease in oil imports in line with high world oil prices,\u201d he said in\na written statement in Jakarta on Monday (24\/8).<\/p>\n<p>Although the current account experienced a widening deficit, he\ncontinued, the overall performance of Indonesia\u2019s balance of payments\n(BOP) remained maintained. In the second quarter of 2026, the BOP\nrecorded a deficit of 900 million US dollars, far lower than the deficit\nof 9.1 billion US dollars in the first quarter of 2026. The improvement\nwas supported by capital and financial transactions that reversed to\nrecord a surplus of 12 billion US dollars, after experiencing a deficit\nof 4.8 billion US dollars in the previous quarter.<\/p>\n<p>\u201cHowever, analysts warn that Indonesia\u2019s current account gap may\ncontinue to widen along with persistently high crude oil prices, strong\noil import volumes, and weakening exports due to the slowdown in global\neconomic growth and increasing political tensions in the Middle East\nbetween the US, Israel, and Iran as well as Russia and Ukraine in\nEastern Europe,\u201d he said.<\/p>\n<p>In addition, business activity in the US services sector was recorded\nas solid, with the S&amp;P Global US Services PMI index for August\nexceeding the forecast of 54 by reaching 56.8, the highest level since\nDecember 2024, far surpassing the previous month\u2019s figure of 54.6.<\/p>\n<p>Nevertheless, the Manufacturing PMI slowed from 53.9 to 53.2, the\nlowest level in five months.<\/p>\n<p>\u201cOn the other hand, concerns about inflation due to energy prices\namid ongoing tensions in the Middle East could trigger the possibility\nof a Federal Reserve interest rate hike in the coming months,\u201d said\nIbrahim.<\/p>\n<p>Meanwhile, Bank Indonesia\u2019s Jakarta Interbank Spot Dollar Rate\n(JISDOR) actually strengthened today to Rp17,703 per US dollar from the\nprevious Rp17,705 per US dollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-ends-trading-at-17-694-per-us-dollar-1787568663",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}