{
    "success": true,
    "data": {
        "id": 1651865,
        "msgid": "rupiah-weakens-0-11-percent-to-rp-17-002-per-us-dollar-1775123463",
        "date": "2026-04-02 16:07:19",
        "title": "Rupiah Weakens 0.11 Percent to Rp 17,002 per US Dollar",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah depreciated by 0.11 percent to Rp 17,002 against the US dollar on Thursday, driven by escalating tensions in the Middle East following US President Donald Trump's announcement of continued aggressive strikes on Iran's energy and oil facilities. This geopolitical unrest has led to rising global oil prices, exacerbating Indonesia's fiscal pressures and potentially widening the state budget deficit beyond initial targets, with each $1 per barrel increase adding up to Rp 6 trillion to the shortfall. The government plans to mitigate this through spending efficiencies and budget surpluses to keep the deficit below the safe 3 percent of GDP threshold.",
        "content": "<p>JAKARTA - The rupiah exchange rate in the spot market weakened at the\nclose of trading on Thursday (2\/4\/2026). The rupiah depreciated by 19\npoints or 0.11 percent to Rp 17,002 per US dollar.<\/p>\n<p>Currency and Commodities Analyst Ibrahim Assuaibi assessed that the\nrupiah\u2019s weakening today was caused by rising tensions in the Middle\nEast war. This was particularly after US President Donald Trump affirmed\nthat attacks on Iran would continue in the coming weeks.<\/p>\n<p>In a speech broadcast nationally, Trump stated that the US military\nwould continue to target Iran\u2019s energy and oil facilities, without\nproviding a specific timeline to end the conflict. He even emphasised\nthat attacks would be carried out aggressively over the next two to\nthree weeks, although he had previously opened the possibility of\nhalting the conflict without a formal agreement.<\/p>\n<p>\u201cPresident Donald Trump said the United States will continue to\nattack Iran, including energy and oil targets, for the next few weeks,\nand did not commit to a specific timeframe to end the war,\u201d Ibrahim told\nreporters.<\/p>\n<p>Most recently, an oil tanker chartered by QatarEnergy was reported to\nhave been hit by an Iranian cruise missile in Qatari waters, according\nto statements from local defence authorities.<\/p>\n<p>On the other hand, market players are also awaiting several key US\neconomic data releases. Weekly initial jobless claims are scheduled for\nrelease soon, followed by non-farm payroll (NFP) data on Friday, which\nwill serve as the main indicator for future monetary policy\ndirection.<\/p>\n<p>Domestically, pressure is also beginning to be felt on the\ngovernment\u2019s fiscal position. The state budget deficit is estimated to\nwiden from the initial target in line with rising global oil prices due\nto the Middle East conflict.<\/p>\n<p>The government notes that every $1 increase in oil prices per barrel\nhas the potential to add up to Rp 6 trillion to the deficit from the\ninitial target of Rp 689.1 trillion or 2.68 percent of gross domestic\nproduct (GDP).<\/p>\n<p>Nevertheless, the government believes the deficit can still be kept\nbelow the safe limit of 3 percent of GDP, although it could widen to\napproach 2.9 percent if oil prices remain at $100 per barrel throughout\nthe year.<\/p>\n<p>The basic assumption for the 2026 state budget sets the Indonesian\nCrude Price (ICP) at $70 per barrel.<\/p>\n<p>To maintain fiscal stability, the government will pursue savings\nmeasures, including gradual efficiency in spending by ministries and\nagencies, as well as utilisation of more budget balances (SAL) to cover\npotential deficit widening.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakens-0-11-percent-to-rp-17-002-per-us-dollar-1775123463",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}