{
    "success": true,
    "data": {
        "id": 1721475,
        "msgid": "rupiah-finally-rebounds-breaking-five-day-weakening-trend-against-us-dollar-1778191003",
        "date": "2026-05-06 15:12:00",
        "title": "Rupiah Finally Rebounds, Breaking Five-Day Weakening Trend Against US Dollar",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah strengthened against the US dollar on Wednesday, closing at Rp17,380 per dollar after a 0.17% appreciation, ending a five-day weakening streak amid positive global sentiment from a declining dollar index. Bank Indonesia Governor Perry Warjiyo highlighted the rupiah's undervalued status relative to strong domestic fundamentals, including 5.61% first-quarter GDP growth, low inflation, robust foreign reserves, and high credit growth, despite short-term pressures from global factors like high oil prices and US interest rates, as well as seasonal demands for dollars. Perry anticipates stabilisation and potential further strengthening of the rupiah moving forward.",
        "content": "<p>The rupiah exchange rate closed stronger against the US dollar on\nWednesday\u2019s trading (6\/5\/2026). According to Refinitiv data, the rupiah\nended trading at Rp17,380 per US dollar, appreciating by 0.17%. This\nstrengthening also broke the rupiah\u2019s weakening trend that had persisted\nfor five consecutive trading days. From the opening of trading, the\nrupiah moved in the green zone. The Garuda currency opened 0.34%\nstronger at Rp17,350 per US dollar. Meanwhile, the US dollar index or\nDXY, which measures the greenback\u2019s strength against six major world\ncurrencies, also provided positive sentiment for the rupiah. At 3:00 PM\nWIB, the DXY was observed weakening by 0.34% to 98.111. Bank Indonesia\n(BI) assesses that the current rupiah exchange rate is already in an\nundervalued condition, or weaker than it should be based on domestic\neconomic fundamentals. BI Governor Perry Warjiyo stated that Indonesia\u2019s\nfundamental conditions are still quite strong to support rupiah\nstability. This is evident from first-quarter 2026 economic growth\nreaching 5.61%, persistently low inflation, strong foreign exchange\nreserves, and high credit growth. According to Perry, this combination\nof factors should form the basis for the rupiah to move more stably and\nhave the potential to strengthen going forward. However, he acknowledged\nthat the rupiah still faces short-term pressures, even briefly breaching\nthe Rp17,400 per US dollar level. \u201cThere are two reasons: global\nfactors, and then seasonal factors,\u201d said Perry. From the global side,\nrupiah pressure is influenced by still-high oil prices, rising US\ninterest rates, and the yield on 10-year US government bonds or US\nTreasury yield at a high level around 4.47%. Additionally, the US dollar\nremains tendentially strong, triggering capital outflows from emerging\ncountries, including Indonesia. \u201cAnd the Coordinating Minister just said\nthere is capital flight from emerging markets including Indonesia,\u201d said\nPerry. Besides global factors, Perry also highlighted seasonal factors\nthat increase demand for US dollars in the April to June period. These\nneeds include dividend repatriation payments, debt payments, and foreign\ncurrency requirements for Hajj pilgrims. Nevertheless, Perry emphasised\nthat the rupiah is currently undervalued and has the potential to\nstabilise and tend to strengthen in the future. \u201cBut the rupiah is\nundervalued and will stabilise and tend to strengthen going forward.\nThat\u2019s number one,\u201d said Perry.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-finally-rebounds-breaking-five-day-weakening-trend-against-us-dollar-1778191003",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}