Rupiah Closes Weaker, US Dollar Exchange Rate Hits Rp17,405

The rupiah closed weaker against the US dollar on Monday’s trading (11/5/2026). According to Refinitiv data, the Garuda currency ended the first trading day of the week in the red, depreciating by 0.26% to Rp17,405 per dollar. The weakening began at the morning opening, with the rupiah starting 0.06% lower at Rp17,370 per dollar, and pressure continued throughout the session until it closed even lower in the afternoon. Meanwhile, the US dollar index (DXY), which measures the greenback’s strength against major world currencies, was moving positively at 15:00 WIB, strengthening by 0.10% to 98.001. The rupiah’s movement throughout today’s trading occurred amid a strengthening US dollar. Demand for the dollar has increased again in line with rising needs for safe-haven assets. This sentiment was triggered by the lack of progress in diplomatic efforts to end the US-Iran conflict, which has lasted for 10 weeks. US President Donald Trump rejected Iran’s response to the peace proposal submitted by Washington, calling it “totally unacceptable”. Iran had previously reportedly offered to divert part of its highly enriched uranium stock to a third country. However, Tehran still refuses to dismantle its nuclear infrastructure. Domestically, Bank Indonesia’s April 2026 Consumer Survey showed that consumer confidence in economic conditions remains stable. This is reflected in the April 2026 Consumer Confidence Index (IKK) at an optimistic level above 100, namely 123.0. This figure is slightly higher than the previous month’s 122.9. The stability of consumer confidence in April 2026 was mainly supported by an increase in the Current Economic Condition Index (IKE) recorded at 116.5, higher than the previous month’s 115.4. Meanwhile, the Consumer Expectations Index (IEK) remained at an optimistic level of 129.6, although lower than the previous month’s 130.4.