Breaking News! Dollar Reaches Rp17,960
Jakarta, CNBC Indonesia - The Rupiah weakened against the US dollar at the start of trading on Thursday (4/6/2026).
According to Refinitiv data, the Rupiah opened at Rp17,960/US$, a 0.11% depreciation.
This depreciation indicates that the pressure from the greenback on the Rupiah is far from easing. In the previous trading session, Wednesday (3/6/2026), the Rupiah closed sharply lower at 0.62% to Rp17,940/US$.
In global markets, the US dollar actually saw a slight correction this morning. The US dollar index (DXY), which measures the strength of the greenback against six major world currencies, was down slightly to 99.437 as of 09:00 WIB.
However, this slight weakening occurred after the DXY strengthened sharply by 0.31% in the previous trading session and closed at 99.529.
The continued strength of the US dollar in global markets is one of the threats to the movement of other countries’ currencies, including the Rupiah.
The US dollar is now at its highest level in two months. The greenback’s strengthening occurred after renewed tensions in the Gulf region pushed up oil prices and dampened market appetite for risk assets.
Iran’s attack on Kuwait reportedly damaged the airport and injured dozens of people on Wednesday.
At the same time, the US military also launched attacks near the Strait of Hormuz. This has put further pressure on the fragile ceasefire and reduced hopes for a diplomatic solution to the war.
The situation has led market participants to seek out US dollar-denominated assets as a safe haven. As a result, the room for strengthening other currencies tends to narrow.
Amid the Rupiah’s weakening trend, Finance Minister Purbaya Yudhi Sadewa spoke out about the sentiment in the market.
“Some say that I asked banks to conduct stress tests if (the dollar) is above Rp18,000. But I never raised that issue,” said Purbaya when met at the DPR, Wednesday (3/6/2026).
“So there are many issues in the market that are creating some sentiment towards the Rupiah,” he added.
Purbaya affirmed that the government remains committed to its task of maintaining the foundations of the economy so that economic activity continues and growth can be faster.
“But if we look at my obligations, it is to maintain the foundations of the economy so that the economy continues to run and grow faster,” he said.
(evw/evw)