Breaking News! US Dollar Falls to Rp17,125

Jakarta, CNBC Indonesia - The rupiah exchange rate opened stronger against the US dollar on Tuesday morning’s trading (21/4/2026). According to Refinitiv data, the Garuda currency began trading with an appreciation of 0.23% to the level of Rp17,125/US.ThisstrengtheningcontinuesthepositivetrendoftherupiahaftertheprevioustradingsessiononMonday(20/4/2026), whichclosedup0.09. On the other hand, the US dollar index (DXY), which measures the strength of the greenback against six major world currencies, was observed moving steadily at 98.090 at 09:00 WIB. The rupiah’s movement in today’s trading is influenced by a combination of domestic and global sentiments. Domestically, optimism regarding Indonesia’s economic resilience has re-emerged despite high external pressures due to geopolitical turmoil in the Middle East. Amid rising global tensions and a surge in world oil prices, several international institutions have begun adjusting their projections for Indonesia’s economic growth. For example, the World Bank has revised down its projection for Indonesia’s 2026 economic growth from 5.0% to 4.7%. However, differing views come from the Organisation for Economic Co-operation and Development (OECD) and the Asian Development Bank (ADB), which still see Indonesia’s economy as having sufficient resilience amid global uncertainty. Director of the NEXT Indonesia Center, Herry Gunawan, assesses the current situation as an important test for the national economy’s foundation. According to him, the present circumstances provide a moment to assess whether Indonesia’s economy is truly still strong or beginning to be pressured by external shocks. In its latest report titled Signals of Indonesia’s Economic Resilience, the NEXT Indonesia Center analyses the direction of economic growth through the Composite Leading Indicator (CLI) instrument. The report also highlights significant differences in projections between international institutions, particularly between the World Bank and the ADB. The ADB itself still projects that Indonesia’s economy can grow by 5.2%, higher than the previous year’s achievement, although global uncertainty still looms. Externally, the US dollar is moving steadily around the 98 level after weakening in the previous trading session. The market is now monitoring the prospects of achieving a long-term peace agreement between the US and Iran, which could reduce demand for safe-haven assets like the US dollar. US Vice President JD Vance is scheduled to lead the US delegation back to Pakistan, while Tehran is reported to send representatives after previously signalling reluctance to continue talks. At the same time, US President Donald Trump stated that it is unlikely the current ceasefire will be extended without an agreement before its expiry this weekend. He also emphasised that the Strait of Hormuz will remain blockaded until a real agreement is reached. Amid these developments, global oil prices have begun to correct. This condition slightly eases market concerns about inflationary pressures, while also lowering expectations for more aggressive monetary policy from global central banks. The US Federal Reserve is expected to maintain steady interest rates this month and is inclined to hold that stance until 2026.