Rupiah Opens at Rp18,050 per US Dollar, Breaching Psychological Level
Jakarta, CNBC Indonesia — The Garuda currency opened in the red once again against the US dollar this morning.
According to Refinitiv data, at the opening of trade on Thursday (9/7/2026), the rupiah began the session depreciating 0.33%, weakening to Rp18,050/US.Withthatopening, therupiahonceagainbrokethroughthepsychologicallevelofRp18, 000/US.
This position follows the rupiah weakening 0.11% to Rp17,990/US$ at the close of the previous session.
Meanwhile, the US dollar index (DXY), which measures the greenback’s strength against six major world currencies, was up marginally by 0.02% at 101,010 as of 09.00 WIB.
Today’s rupiah movement will continue to be influenced by external dynamics, particularly the direction of the US dollar in global markets.
The greenback’s strength came amid renewed tensions in the Gulf region, which has boosted demand for safe-haven assets.
Although the movement is not particularly sharp, the position indicates that the US dollar remains fairly strong as markets once again weigh geopolitical risks and their impact on energy prices.
Higher energy prices have the potential to put renewed pressure on global inflation and influence expectations regarding the direction of US central bank interest rates (the Federal Reserve, the Fed).
Markets believe a surge in oil prices could accelerate the timing of a Fed rate hike. This situation has also supported the US dollar, as markets are once again factoring in the risk of higher US interest rates.
Tensions escalated after the US military launched a new strike on Iran, just hours after President Donald Trump stated on Wednesday afternoon that an interim deal to end the war had been concluded. This development sent oil prices sharply higher.
In addition, the minutes of the Fed’s June meeting also revealed a somewhat hawkish divergence of views within the Fed. Concerns over still-elevated inflation have led markets to raise their estimates of the likelihood of a rate hike this year.