The rupiah exchange rate strengthened again against the US dollar at\nthe opening of trading on Wednesday (30\/9\/2026). The \u2018Garuda\u2019 currency\ncontinued the recovery formed the previous day.<\/p>\n
According to Refinitiv data, the rupiah began today\u2019s trading with an\nappreciation of 0.28% to the position of Rp17,910\/US$.<\/p>\n
This strengthening continues the movement seen on Tuesday\n(29\/9\/2026), when the rupiah closed up slightly by 0.03% at the level of\nRp17,960\/US$ after briefly touching Rp18,000\/US$. Compared to the\nprevious closing position, the rupiah strengthened by 50 points at this\nmorning\u2019s opening.<\/p>\n
Meanwhile, the US Dollar Index (DXY), which measures the strength of\nthe greenback against six major world currencies, was observed to have\nstrengthened slightly by 0.01% to 101.377 at 09:00 WIB.<\/p>\n
The DXY continued its gain of 0.17% from the previous trading\nclose.<\/p>\n
The rupiah\u2019s movement today is expected to remain influenced by\nexternal sentiments, particularly the dynamics of the US dollar in the\nglobal market.<\/p>\n
The US dollar continues to receive support as market participants\nawait several important economic data points that could provide clues\nregarding the direction of the Federal Reserve\u2019s (The Fed) interest\nrates.<\/p>\n
Primary attention is focused on the US Personal Consumption\nExpenditures (PCE) price index for the August period, which will be\nreleased on Wednesday local time. This preferred inflation data from the\nFed will be followed by the US September labour report on Friday.<\/p>\n
Market participants will scrutinise both pieces of data to assess\nwhether the Fed\u2019s hawkish stance remains consistent with US economic\ndevelopments.<\/p>\n
Expectations for interest rate hikes have strengthened again after\n10-year US Treasury yields remained above 5%. The market is now pricing\nin almost a 70% chance that the Fed will raise interest rates at the end\nof October.<\/p>\n
The combination of high bond yields and expectations of monetary\ntightening keeps dollar-denominated assets attractive. The DXY even\ntouched 101.39 during the previous trading session, its highest level\nsince 28 July.<\/p>\n
Nevertheless, pressure on the rupiah is slightly offset by a\ncorrection in global oil prices. Brent crude prices fell 0.69% to\nUS$104.56 per barrel after Saudi Arabia resumed operations on the\nEast-West pipeline network and increased oil shipments through the Port\nof Yanbu in the Red Sea.<\/p>\n
These developments have improved the outlook for oil supply from the\nMiddle East region. However, Brent prices remain above US$100 per\nbarrel, meaning concerns regarding global inflationary pressures have\nnot yet fully subsided.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-opens-stronger-as-us-dollar-drops-to-rp17-910-this-morning-1790736891", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }