Jakarta, CNBC Indonesia \u2014 The rupiah remained under pressure in early\ntrade on Thursday (13\/8\/2026), weakening further against the United\nStates dollar despite cooling US inflation and a dip in the dollar index\nat the start of the Asian session.<\/p>\n
According to Refinitiv data, the rupiah fell 0.06% to Rp17,875 per US\ndollar at the market open. This morning\u2019s depreciation extends the\nprevious session\u2019s losses. On Wednesday (12\/8\/2026), the rupiah closed\n0.20% weaker at Rp17,865 per US dollar, marking its second consecutive\nday of decline.<\/p>\n
Meanwhile, the US dollar index (DXY), which measures the greenback\nagainst six major world currencies, was observed down 0.08% at 99.931 as\nof 09.00 Western Indonesia Time. The DXY reversed course after closing\n0.19% higher in the previous session.<\/p>\n
The rupiah\u2019s movement today continues to be influenced by the\nmarket\u2019s response to US consumer inflation data for July and the\npotential for foreign capital outflows from the domestic stock market\nfollowing the MSCI index review.<\/p>\n
US annual inflation slowed to 3.4% in July from 3.5% in June. Core\ninflation, which excludes food and energy components, also fell to 2.5%\nfrom 2.6%.<\/p>\n
The data initially provided a tailwind for emerging market\ncurrencies. The US dollar briefly weakened as the inflation slowdown\nreduced the likelihood of the Federal Reserve raising interest rates in\nthe near term. Markets are now pricing in a 40% chance of a rate hike in\nSeptember, down from 44% before the inflation data was released and 55%\nthe previous week. The decline in expectations was also influenced by a\nlabour report showing job losses in July.<\/p>\n
However, the pressure on the dollar was short-lived. The greenback\nrebounded as market participants judged that the decline in inflation\nwas not sufficient to alter the Fed\u2019s cautious stance on price\npressures. The dollar also drew support from high US government bond\nyields, with a 10-year note auction recording strong demand at a yield\nof 4.683%, the highest since 2007.<\/p>\n
Tensions between the US and Iran also sustained demand for the dollar\nas a safe-haven asset. Negotiations on the implementation of a June\ninterim agreement reportedly showed no progress, while uncertainty over\nthe Strait of Hormuz persists.<\/p>\n
On the domestic front, the rupiah faces additional risk after the\nAugust MSCI review removed several Indonesian stocks from its indices.\nThe change in composition could prompt foreign investors tracking the\nMSCI indices to adjust their portfolios. Should this adjustment involve\nshare sales and conversion of funds into US dollars, the resulting\nforeign capital outflows could add further pressure on the rupiah.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-opens-under-pressure-this-morning-us-dollar-rises-to-rp17-875-1786589479", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }