{
    "success": true,
    "data": {
        "id": 1910792,
        "msgid": "rupiah-strengthens-to-rp17-755-per-us-dollar-amid-consumer-confidence-optimism-1786359101",
        "date": "2026-08-10 16:59:00",
        "title": "Rupiah Strengthens to Rp17,755 per US Dollar Amid Consumer Confidence Optimism",
        "author": "Irvan Sihombing",
        "source": "MEDIA_INDONESIA",
        "tags": "",
        "topic": "Economy",
        "summary": "The Indonesian rupiah appreciated significantly against the US dollar, closing 142 points higher at Rp17,755. The strengthening was supported by domestic consumer confidence remaining in optimistic territory and external factors including easing US inflation fears and potential stability in the Strait of Hormuz.",
        "content": "<p>The rupiah exchange rate against the US dollar closed significantly\nstronger on Monday (10\/8). The rupiah rose 142 points or 0.79 percent to\nRp17,755 per US dollar, compared to the previous close of Rp17,897 per\nUS dollar.<\/p>\n<p>Money market analyst Ibrahim Assuaibi explained that the\nstrengthening was driven by both internal and external factors.\nDomestically, the Consumer Confidence Index (IKK) remained a key support\nas it stayed in optimistic territory, despite showing a declining trend\nover the past three months.<\/p>\n<p>According to Bank Indonesia data, the IKK in July 2026 was recorded\nat 116.8, slightly down from 117.8 in June 2026. Although it has\ndeclined consecutively, a figure above 100 indicates that consumers\nstill hold a positive outlook on the national economic condition.<\/p>\n<p>Ibrahim warned that if the downward trend in the IKK continues, there\ncould be pressure on household consumption growth. \u201cHouseholds tend to\nhold back spending and become more selective in allocating their\nincome,\u201d he said.<\/p>\n<p>In addition to economic data, positive sentiment also came from\ncertainty in central bank leadership. President Prabowo Subianto has\nofficially nominated Destry Damayanti as the sole candidate for the\ndefinitive Governor of Bank Indonesia to the House of Representatives\n(DPR) via a presidential letter.<\/p>\n<p>Globally, markets responded positively to the potential reopening of\nthe Strait of Hormuz through an agreement between Iran and Oman.\nFurthermore, easing inflation concerns in the United States led market\nparticipants to reduce expectations of an interest rate hike by the\nFederal Reserve.<\/p>\n<p>Data from the CME FedWatch Tool showed the probability of a rate hike\nin September now stands at just 42 percent, down sharply from 67 percent\nthe previous week. Market focus now turns to the release of US Consumer\nPrice Index (CPI) data for July, which is predicted to ease to 3.4\npercent year-on-year.<\/p>\n<p>In line with the spot market, Bank Indonesia\u2019s Jakarta Interbank Spot\nDollar Rate (JISDOR) also showed strengthening to Rp17,795 per US dollar\nfrom the previous position of Rp17,913 per US dollar.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-strengthens-to-rp17-755-per-us-dollar-amid-consumer-confidence-optimism-1786359101",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}