Breaking News! US Dollar Rises to Rp17,340
The rupiah opened weaker against the US dollar on the final trading day of the week, Friday (8/5/2026). Pressure mounted as the US dollar strengthened in the global market.
According to Refinitiv data, the Garuda currency began morning trading in the red zone with a 0.06% correction to the level of Rp17,340/US.Thisweakeningfollowedthepreviousday′stradingonThursday(7/5/2026), whentherupiahmanagedtoclosestrongerby0.29.
On the other hand, the US dollar strengthened again in the global market. This is evident from the movement of the US dollar index (DXY), which measures the greenback’s strength against six major world currencies. As of 09:00 WIB, the DXY was observed rising 0.15% to the level of 98.210.
The strengthening of the US dollar in the global market is expected to hold back the advance of emerging market currencies, including the rupiah, throughout today’s trading.
The US dollar strengthened amid renewed tensions between the United States and Iran. The two countries exchanged attacks and harsh statements again on Thursday local time, adding pressure to the ceasefire that had been in place for about a month.
This situation has made market participants cautious once more. Oil prices also surged, with US crude oil futures rising up to around 3% in early morning trading.
The rise in oil prices reinforces market concerns over global inflation risks and energy supply disruptions.
The latest tensions have also prompted investors to seek the US dollar as a safe-haven asset.
As a result, the greenback strengthened for the second day after previously hitting a more-than-two-month low at the start of the week, when markets were optimistic about the chances of a peace agreement.
With the global sentiment worsening again, the room for rupiah appreciation has become more limited.
Market participants are now once again observing the direction of the US-Iran conflict, oil price movements, and their impact on inflation expectations and future US central bank interest rate policies.