{
    "success": true,
    "data": {
        "id": 1733349,
        "msgid": "rupiah-hits-rp17-503-per-us-dollar-amid-tensions-in-the-strait-of-hormuz-1778567919",
        "date": "2026-05-12 12:19:18",
        "title": "Rupiah Hits Rp17,503 per US Dollar Amid Tensions in the Strait of Hormuz",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian rupiah weakened to Rp17,503 per US dollar on Tuesday, driven by escalating tensions in the Strait of Hormuz despite a robust 5.61% economic growth in the first quarter of 2026. Analyst Ibrahim Assuaibi highlighted the impact of Middle East conflicts on rising oil prices and a strengthening US dollar index, compounded by domestic issues such as 40,000 layoffs in labour-intensive sectors and a large informal workforce. He predicts further rupiah depreciation but not beyond Rp17,550 per dollar.",
        "content": "<p>Although economic growth of 5.61 percent in the first quarter is\nquite high, the impact of the chaos in the Middle East, particularly in\nthe Strait of Hormuz, poses a threat to Indonesia.<\/p>\n<p>Jakarta (ANTARA) - The rupiah exchange rate on Tuesday afternoon at\n11:47 WIB moved weaker by 89 points or 0.51 percent to Rp17,503 per US\ndollar compared to the previous close at Rp17,414 per US dollar.<\/p>\n<p>Currency and commodity economist observer Ibrahim Assuaibi said the\nrupiah\u2019s weakening was influenced by tensions in the Strait of Hormuz\nthat are still heating up.<\/p>\n<p>\u201cThe tensions in the Strait of Hormuz continue to heat up even though\nit is considered that this war is over according to Trump (US President\nDonald Trump),\u201d he said in a voice recording in Jakarta on Tuesday.<\/p>\n<p>The tensions coincide with the US rejecting a peace proposal made by\nIran, leading to small-scale attacks between ships in the Strait of\nHormuz.<\/p>\n<p>\u201cSo the United Arab Emirates is still carrying out attacks up to now,\neven though they are not exposed internationally. This indicates that\nthe United Arab Emirates, after leaving OPEC member countries\n(Organization of the Petroleum Exporting Countries), continues to carry\nout attacks, possibly backed by America,\u201d he explained.<\/p>\n<p>The conflict in the Middle East is increasingly causing the dollar\nindex to experience significant strengthening, thus impacting the rise\nin crude oil prices, particularly Brent crude oil.<\/p>\n<p>From an internal perspective, first-quarter 2026 economic growth\nreaching 5.61 percent does not immediately improve the economy and\nstrengthen the rupiah.<\/p>\n<p>\u201cAlthough economic growth of 5.61 percent in the first quarter is\nquite high, the impact of the chaos in the Middle East, particularly the\nStrait of Hormuz, poses a threat to Indonesia,\u201d he stated.<\/p>\n<p>In addition, during January-April 2026, 40,000 workers in\nlabour-intensive sectors such as textile and garment manufacturing, as\nwell as electronics, have been laid off. Ibrahim predicts that in the\ncoming months, layoffs will increase significantly.<\/p>\n<p>Negative sentiment also comes from the phenomenon of a large number\nof Indonesians working in the non-formal sector, namely 87.74 million\npeople, higher than the total formal workforce.<\/p>\n<p>Based on these factors, the rupiah is expected to experience\nsignificant weakening, but not more than Rp17,550 per US dollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-hits-rp17-503-per-us-dollar-amid-tensions-in-the-strait-of-hormuz-1778567919",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}