{
    "success": true,
    "data": {
        "id": 2007889,
        "msgid": "rupiah-nears-rp18-000-per-us-dollar-as-jci-slumps-1790657884",
        "date": "2026-09-29 11:08:18",
        "title": "Rupiah Nears Rp18,000 per US Dollar as JCI Slumps",
        "author": "Ahmad Fikri Noor",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian Rupiah weakened towards the Rp17,997 mark against the US Dollar at the start of Tuesday's trading, driven by expectations of further Federal Reserve interest rate hikes. This currency depreciation has coincided with a decline in the Jakarta Composite Index (JCI) amidst global economic uncertainty.",
        "content": "<p>The exchange rate of the rupiah against the US dollar weakened by 19\npoints or 0.11 per cent at the opening of trading on Tuesday, reaching\nRp17,997 per US dollar compared to the previous close of Rp17,978 per US\ndollar.<\/p>\n<p>Lukman Leong, an analyst at Doo Financial, stated that the rupiah\u2019s\nweakness was triggered by expectations of an interest rate hike by the\nFederal Reserve (The Fed). \u201cThe rupiah is expected to remain under\npressure against the US dollar due to expectations of Fed rate hikes and\ncontinuously increasing US bond yields,\u201d he said in Jakarta on\nTuesday.<\/p>\n<p>Citing Xinhua, investor markets suspect an increase in expectations\nregarding further policy tightening by the Federal Reserve. According to\nCME FedWatch data, market participants estimate a roughly 70 per cent\nprobability of a quarter-point interest rate hike at the Fed\u2019s meeting\non 28 October. This follows the central bank\u2019s first rate hike since\n2023, which took place on 16 September, raising rates to a range of 3.75\nper cent to 4 per cent.<\/p>\n<p>Leong believes these rising expectations are influenced by the stance\nof US President Donald Trump, who rejected the latest proposal from Iran\npresented to Washington during indirect negotiations in New York this\nweek, as reported by Anadolu. Tehran had proposed reopening strategic\nwaterways and resuming nuclear talks within one week in exchange for the\nlifting of Washington\u2019s naval blockade, the removal of sanctions on\nIranian oil sales, and the restoration of a regional ceasefire. However,\nthe US is currently considering new strikes following the US mid-term\nelections in November 2026.<\/p>\n<p>\u201cInvestors also tend to be cautious during this data-heavy week, with\ntraders awaiting the release of the US JOLTS (Job Openings and Labor\nTurnover Survey) data tonight. JOLTS is expected to show 7.24 million\njob openings, slightly lower than the 7.27 million recorded last month,\u201d\nLeong added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-nears-rp18-000-per-us-dollar-as-jci-slumps-1790657884",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}