Jakarta (ANTARA) - The rupiah exchange rate against the US dollar\nweakened by 23 points or 0.13 per cent to Rp17,349 per US dollar on\nThursday morning from the previous close at Rp17,326 per US dollar.<\/p>\n
Permata Bank\u2019s Chief Economist Josua Pardede assessed that the rupiah\nweakened against major global currencies during Wednesday\u2019s (29\/4\/2026)\ntrading session as investors positioned themselves ahead of the Federal\nOpen Market Committee (FOMC) meeting.<\/p>\n
\u201cCautionary sentiment is also reflected in the trend of rising US\nTreasury yields and Indonesian Government Securities (SBN),\u201d he told\nANTARA in Jakarta on Thursday.<\/p>\n
At the April 2026 FOMC meeting, the Fed maintained its policy\ninterest rate in the 3.50-3.75 per cent range.<\/p>\n
This decision was marked by four dissenting votes, with Stephen Miran\nsupporting a 25 basis point rate cut, while three other members opposed\nincluding a signal of easing in the official statement.<\/p>\n
The Fed stated that it continues to monitor the economic implications\nof developments in the Middle East and is prepared to adjust policy if\nnecessary.<\/p>\n
\u201cMarkets viewed the statement as more hawkish, which drove up US\nTreasury yields and strengthened the US Dollar Index on Wednesday\n(29\/4\/2026),\u201d he said.<\/p>\n
In the press conference, Fed Chair Jerome Powell stated that although\nthe chair\u2019s position could change, he plans to remain on the Board of\nGovernors until the end of his term.<\/p>\n
The impact in Indonesia saw SBN yields rise significantly as\ninvestors anticipated a more hawkish stance from the Fed amid ongoing\ngeopolitical tensions in the Middle East.<\/p>\n
\u201cConcerns over inflation have also increased in line with the trend\nof rising oil prices,\u201d Josua said.<\/p>\n
Based on these factors, the rupiah is projected to range between\nRp17,275-Rp17,400 per US dollar.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakens-amid-impact-of-fomc-meeting-1777530544", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }