{
    "success": true,
    "data": {
        "id": 1858090,
        "msgid": "rupiah-weakens-as-market-awaits-us-inflation-data-1784001186",
        "date": "2026-07-14 10:15:15",
        "title": "Rupiah weakens as market awaits US inflation data",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah weakened slightly against the US dollar on Tuesday morning as markets adopted a wait-and-see approach ahead of key US inflation figures. An economist noted that while a recent sovereign rating affirmation provided some support, the currency remains under pressure from rising global oil prices and expectations surrounding the Federal Reserve's next moves.",
        "content": "<p>The rupiah exchange rate weakened by 6 points, or 0.03 percent, to\nRp18,115 per US dollar on Tuesday morning, compared to the previous\nclose of Rp18,109 per US dollar. Permata Bank Chief Economist Josua\nPardede stated the rupiah weakened because the market is still waiting\nfor US inflation data. \u201cI estimate the rupiah will move in a limited\nrange of Rp18,060\u2013Rp18,170 per US dollar, with a midpoint around\nRp18,100\u2013Rp18,120 per US dollar. It usually tends to be limitedly weak,\nnot because domestic sentiment is entirely poor, but because the market\nis still waiting for US inflation data and the statement from the US\ncentral bank chief on 14 July,\u201d he said in Jakarta on Tuesday. If US\ninflation is lower than expected and the tone from the US central bank\nis not too hawkish, he continued, the rupiah has the opportunity to\nstrengthen back to around Rp18,030\u2013Rp18,080 per US dollar. However, if\nUS core inflation remains high or the central bank\u2019s statement sounds\nhawkish, the rupiah could test Rp18,180\u2013Rp18,220 per US dollar. The\nmarket expects US June inflation to slow to 3.9 percent year-on-year,\nbut core inflation is still holding at 2.9 percent. In addition, the\nmarket is also waiting for the statement from the US central bank chief\non 14 July. \u201cThis is important because if core inflation remains\nstubborn, expectations of higher-for-longer US interest rates will\nstrengthen, the US dollar will be back in demand, and the rupiah will be\ndepressed again,\u201d said the Permata Bank Chief Economist. Oil prices are\nalso a significant pressure point, with Brent rising 3.43 percent daily\nto 78.6 US dollars per barrel and having risen 29.2 percent since the\nstart of the year. Typically, rising oil prices are negative for the\nrupiah because Indonesia is still a net oil importer. If oil prices\nremain high, the market will calculate additional risks to energy\nimports, subsidies, inflation, the current account balance, and foreign\nexchange reserves. Looking at the domestic side, there is positive\nsentiment from S&amp;P Global Ratings, which maintained Indonesia\u2019s\nrating at BBB with a stable outlook. S&amp;P assessed that Indonesia\u2019s\nfiscal and external weakening is temporary and can still be supported by\nthe recovery of state revenues, commodity exports, and the government\u2019s\ncommitment to keeping the deficit below 3 percent of Gross Domestic\nProduct (GDP). However, S&amp;P also highlighted that the rupiah has\nalready weakened by about 7 percent in the first semester and that\nfiscal-external pressures still need to be managed. \u201cSo, S&amp;P\u2019s\ndecision helps to hold back the pressure, but it is not yet strong\nenough to drive a massive rupiah strengthening,\u201d Josua explained.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakens-as-market-awaits-us-inflation-data-1784001186",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}