{
    "success": true,
    "data": {
        "id": 1853466,
        "msgid": "rupiah-worst-in-asia-as-chinas-new-weapon-bolsters-yuan-1783741847",
        "date": "2026-07-11 10:00:21",
        "title": "Rupiah Worst in Asia as China's New 'Weapon' Bolsters Yuan",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "The Indonesian rupiah emerged as Asia's worst-performing currency this week despite a slight recovery on Friday, while the Chinese yuan strengthened after Beijing signalled comfort with its appreciation. Analysts warn Indonesia still requires significant foreign capital inflows to stabilise its balance of payments and currency. The yuan's rise was driven by the People's Bank of China setting a stronger reference rate, indicating a policy shift to support the currency's internationalisation.",
        "content": "<p>The rupiah closed slightly stronger at Rp18,045 per US dollar on\nFriday, appreciating 0.14% and recovering from its weakest level in a\nmonth. However, the majority of Asian currencies fell over the course of\nthe week, with the rupiah emerging as the region\u2019s worst performer,\ndropping 0.55%. The US dollar weakened for a second consecutive day amid\nrenewed military strikes between the United States and Iran, though\nmarkets continued to monitor global oil prices and inflation prospects.\nFakhrul Fulvian, Chief Economist at Trimegah Sekuritas Indonesia,\ncautioned that Indonesia still requires substantial foreign capital\ninflows to strengthen its balance of payments and maintain exchange rate\nstability. \u2018We cannot afford to be complacent,\u2019 he noted. The Japanese\nyen led gains on Friday, rising 0.42% after Finance Minister Satsuki\nKatayama announced plans to encourage the Government Pension Investment\nFund, one of the world\u2019s largest pension funds, to increase allocations\nto domestic assets. Analysts suggested this move could be more effective\nin supporting the yen than direct currency intervention. Meanwhile, the\nChinese yuan advanced after the People\u2019s Bank of China set its daily\nreference rate below 6.80 per dollar for the first time since 2023,\nsignalling policymakers\u2019 comfort with a stronger currency. The offshore\nyuan strengthened as much as 0.3% to 6.7785 per dollar. Fiona Lim,\nSenior FX Strategist at Malayan Banking Bhd, said the PBOC appeared\nwilling to allow the yuan to appreciate, having loosened its grip as the\npace of gains slowed. The yuan has risen around 3% against the dollar\nthis year, making it Asia\u2019s best-performing currency and boosting the\nattractiveness of Chinese assets. However, some investors are turning\ncautious, with JPMorgan Asset Management reducing its long yuan\npositions and T. Rowe Price viewing the currency as expensive against a\nbasket of trade partners. A Bloomberg gauge of the yuan\u2019s trade-weighted\nindex was set for its first weekly decline since May, suggesting the\nPBOC is not pursuing aggressive appreciation.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rupiah-worst-in-asia-as-chinas-new-weapon-bolsters-yuan-1783741847",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}