Breaking News: Rupiah Opens Weaker, US Dollar Strengthens to IDR16,755

Jakarta, CNBC Indonesia – The Indonesian rupiah weakened against the US dollar at the opening of the final trading day of the week on Friday 27 February 2026, amid relatively stable dollar movements in global markets.

According to Refinitiv data, the rupiah opened at IDR16,755/USD in the morning session, depreciating 0.03%. This weakness came after the previous trading day on Thursday 26 February 2026, when the rupiah had strengthened by 0.18% to IDR16,750/USD.

The US dollar index (DXY), which measures the strength of the dollar against six major world currencies, showed a marginal decline of 0.01% to 97.782. However, in the previous trading session, the dollar index had gained 0.09%.

Externally, the rupiah’s movement remains influenced by US dollar dynamics. The dollar recovered from Thursday’s weakness following data showing that US initial jobless claims rose by 4,000 to 212,000, a figure lower than the market projection of 216,000, indicating that the labour market remains relatively robust.

Dollar strength was also supported by increased demand for liquidity following pressure on the US equity market. However, dollar gains remained limited following dovish comments from Chicago Federal Reserve President Alan Goolsbee, who stated that interest rates remain likely to be cut this year if inflation continues to moderate.

Swap markets currently estimate only around 3% probability of a 25 basis point rate cut at the Federal Reserve meeting scheduled for 17-18 March.

Nevertheless, overall the dollar faces medium-term pressure as the market anticipates approximately 50 basis points of rate cuts throughout 2026.

With this combination of factors, the rupiah is likely to move in a volatile manner during today’s trading session, following US dollar direction and global sentiment.