The rupiah exchange rate lost momentum against the US dollar at the\nopening of trading early this week.<\/p>\n
According to Refinitiv data, at the start of trading on Monday\n(28\/09\/2026), the rupiah depreciated by 0.22% to the level of\nRp17,920\/US.T<\/em>h<\/em>i<\/em>s<\/em>m<\/em>o<\/em>v<\/em>e<\/em>m<\/em>e<\/em>n<\/em>t<\/em>r<\/em>e<\/em>v<\/em>e<\/em>r<\/em>s<\/em>e<\/em>s<\/em>t<\/em>h<\/em>e<\/em>s<\/em>l<\/em>i<\/em>g<\/em>h<\/em>t<\/em>g<\/em>a<\/em>i<\/em>n<\/em>s<\/em>s<\/em>e<\/em>e<\/em>n<\/em>o<\/em>n<\/em>F<\/em>r<\/em>i<\/em>d<\/em>a<\/em>y<\/em>(25\/09\/2026),\u2006w<\/em>h<\/em>e<\/em>n<\/em>t<\/em>h<\/em>e<\/em>r<\/em>u<\/em>p<\/em>i<\/em>a<\/em>h<\/em>m<\/em>a<\/em>n<\/em>a<\/em>g<\/em>e<\/em>d<\/em>t<\/em>o<\/em>r<\/em>e<\/em>c<\/em>o<\/em>v<\/em>e<\/em>r<\/em>f<\/em>r<\/em>o<\/em>m<\/em>p<\/em>r<\/em>e<\/em>s<\/em>s<\/em>u<\/em>r<\/em>e<\/em>a<\/em>n<\/em>d<\/em>c<\/em>l<\/em>o<\/em>s<\/em>e<\/em>d<\/em>u<\/em>p<\/em>0.03<\/span>.<\/p>\n Meanwhile, the US Dollar Index (DXY), which measures the strength of\nthe greenback against six major world currencies, weakened by 0.31% to\nthe level of 100.971 at the close of last Friday.<\/p>\n The rupiah\u2019s movement in today\u2019s trading and over the coming week is\nexpected to remain influenced by both domestic and international\nsentiments. Domestically, market players are awaiting the release of\nIndonesia\u2019s September inflation data on Thursday (01\/10\/2026). The data\nto be announced includes annual inflation, core inflation, and monthly\ninflation. Inflation developments will serve as a key reference for Bank\nIndonesia (BI) in determining its next monetary policy direction.<\/p>\n In August, annual inflation rose to 3.19% from 2.28% in July,\nexceeding market expectations of 3.13%. Core inflation also rose to\n2.92%, the highest since March 2023, while monthly inflation was\nrecorded at 0.21%. The September data will be scrutinised to measure\nprice pressure developments and the scope for BI\u2019s monetary policy.\nInflation that remains controlled within the 1.5%-3.5% target could\nallow for more accommodative policies. Conversely, a rise in core\ninflation could limit the room for interest rate easing.<\/p>\n Externally, the direction of the US dollar remains a primary focus.\nAs reported by Reuters, the greenback weakened on Friday after global\noil prices fell by more than 2% and market participants took profits\nafter the dollar had strengthened for four consecutive days. Oil prices\nfell amid hopes of a ceasefire between the US and Iran. These hopes have\ntemporarily eased concerns regarding supply disruptions caused by\nincreased attacks by Houthim groups against Saudi Arabia.<\/p>\n Nevertheless, oil prices remain above US$100 per barrel. This level\ncontinues to potentially maintain global inflationary pressures and\ninfluence the interest rate policy directions of several central banks.\nDespite the correction on Friday, the DXY still recorded its second\nconsecutive weekly gain. Expectations of interest rate hikes by the US\nFederal Reserve (The Fed) and high US Treasury yields continue to\nsupport the US dollar.<\/p>\n \u201cThe dollar has not truly weakened materially. Its movement is simply\ntaking a pause,\u201d said Eugene Epstein, Head of Trading and Structured\nProducts at Moneycorp.<\/p>\n Based on CME FedWatch, the market is pricing in approximately a 66%\nchance that the Fed will raise interest rates again at its October\nmeeting, an increase from around 58% a week earlier. Expectations for\nre-tightening strengthened after several Fed officials expressed\nconcerns regarding inflation. Cleveland Fed President Beth Hammack\nwarned that inflation persisting above the 2% target could reduce public\nconfidence in the central bank\u2019s ability to control prices.<\/p>\n US economic data also continues to show resilience. US new orders for\ncapital goods in August increased more than expected, while the previous\nmonth\u2019s data was revised sharply upwards. This condition indicates that\nbusiness spending remains strong and could strengthen the rationale for\nthe Fed to maintain a tight monetary policy.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/rupiah-opens-weaker-as-us-dollar-hits-rp17-920-this-morning-1790564009",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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