The weakening of the Rupiah against the US Dollar continues, with the\ngreenback now nearing the Rp 18,200 mark. According to Refinitiv data,\nat the close of trading on Monday (8\/6\/2026), the Rupiah depreciated by\n0.89%, with the exchange rate reaching Rp 18,180, marking a new record\nlow for the Indonesian currency.<\/p>\n
In the global market, the US Dollar Index (DXY) was observed to\nweaken slightly this morning, falling 0.07% to 99.998 as of 09:00 WIB.\nHowever, this position remains high after the DXY surged 0.66% in the\nfinal trading session of last week, breaking back above the 100 level.\nThe sustained strength of the US Dollar index has limited the recovery\npotential for Asian currencies, including the Rupiah.<\/p>\n
The US Dollar previously strengthened following the release of US\nlabour market data for May, which exceeded expectations. This data has\nbolstered speculation that the next move from the US Federal Reserve\ncould involve an interest rate hike. Additionally, the US Dollar\ncontinues to benefit from demand for safe-haven assets, driven by the\nlack of progress in peace talks between the United States and Iran.<\/p>\n
Furthermore, the ongoing conflict between Israel and Hezbollah\nmilitants in Lebanon continues to impact markets. Iran is reportedly\ndemanding a ceasefire in Lebanon before accepting a US-brokered deal to\nextend a ceasefire and reopen the Strait of Hormuz.<\/p>\n
Domestically, Bank Indonesia previously reported that Indonesia\u2019s\nforeign exchange reserves fell by US$ 1.3 billion to US$ 144.9 billion\nin May 2026. This decline was attributed to the government\u2019s foreign\ndebt payments and exchange rate stabilisation policies in response to\nhigh global financial market uncertainty and seasonal domestic demand\nfor foreign currency. Despite the drop, the foreign exchange reserves at\nthe end of May 2026 remain robust, equivalent to 5.6 months of imports,\nwell above the international adequacy standard of approximately 3\nmonths.<\/p>\n
Market attention is also focused on the recent meeting between the\nHouse of Representatives (DPR), Bank Indonesia (BI), and the government\nheld at the Nusantara III Building, Parliament Complex, Senayan, on\nSaturday (6\/6\/2026). The consolidation, initiated by the Deputy Speaker\nof the DPR from the Gerindra Party, Sufmi Dasco Ahmad, aims to\ndemonstrate closer fiscal and monetary synergy amidst the pressure on\nthe Rupiah.<\/p>\n
\u201cToday, the DPR has intentionally gathered with colleagues from\nmonetary and fiscal authorities, as well as the government, to conduct\nan evaluation of economic developments,\u201d Dasco stated during a press\nconference.<\/p>\n
Josua Pardede, Chief Economist at Bank Permata, believes the meeting\ncould provide positive sentiment for the Rupah\u2019s movement, although its\nimpact may be more about resisting pressure rather than a strong\nreversal. \u201cIn my view, the meeting between the Finance Minister and the\nGovernor of Bank Indonesia at the DPR could positively influence the\nRupiah\u2019s movement on Monday, 8 June 2026, but the influence is likely\nmore about containing pressure rather than an immediate strong\nreversal,\u201d Pardede told CNBC Indonesia.<\/p>\n
According to Pardede, the commitment to strengthening coordination,\nmaintaining the attractiveness of Rupiah asset yields, and ensuring\nliquidity availability could help alleviate short-term concerns.\n\u201cHowever, the strengthening of the Rupiah remains highly dependent on\nwhether these commitments are followed by concrete actions, rather than\njust joint statements,\u201d he emphasised.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/rupiah-weakens-as-us-dollar-surges-past-rp-18-180-1780909009", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }