Rupiah Closes Weaker, US Dollar at Rp16,990

Jakarta, CNBC Indonesia — The rupiah exchange rate weakened against the US dollar on the closing of trading this week, Thursday (2/4/2026). According to Refinitiv data, the rupiah closed in the red with a depreciation of 0.09% to the level of Rp16,990/US.AftertheprevioustradingcloseonWednesday(1/4/2026), ithadstillmanagedtostrengthenby0.09. Although at the opening of trading this morning, the rupiah had briefly strengthened by 0.03% to the level of Rp16,970/US$. However, the pressure gradually increased until the Garuda currency reversed to weaken until the close of trading. Meanwhile, the US dollar index (DXY) at 15:00 WIB was observed to strengthen by 0.41% and returned to approach, even moving around the level of 100. The weakening of the rupiah in today’s trading was still influenced by external sentiment, particularly the strengthening of the US dollar in the global market and developments in the geopolitical conflict in the Middle East. The market responded to the speech by US President Donald Trump delivered on Wednesday night local time, or Thursday morning Indonesian time. In his speech, Trump affirmed that the United States is getting closer to completing all its military objectives in Iran in the near future. Although he did not explain in detail the scenario of the US exit from the conflict, Trump stated that attacks on Iran would be carried out very harshly in the next two to three weeks. Trump also said that after the conflict ends, the Strait of Hormuz will reopen on its own. This statement immediately caught the attention of market players who are currently very sensitive to every development in the Middle East. The ongoing conflict has affected oil prices and various global financial assets, while also changing market expectations regarding inflation, economic growth, and the direction of US central bank interest rate policy, The Federal Reserve (The Fed), throughout this year. That condition drove the strengthening of the US dollar index and made the room for strengthening of other countries’ currencies, including the rupiah, increasingly limited.