Rupiah Opens Slightly Stronger as US Dollar Exchange Rate Drops to Rp17,875
The Rupiah moved back into the green against the US Dollar at the opening of trade on Tuesday (6/10/2026), after ending the previous day’s session with a decline.
According to Refinitiv data, the Rupiah began today’s trading with an appreciation of 0.11% to the position of Rp17,875/US, comparedtoMonday′s(5/10/2026)closeofRp17, 895/US.
In the previous session, the Rupiah closed slightly weaker at the level of Rp17,895/US$. Compared to that closing position, the Garuda currency strengthened by 20 points at this morning’s opening.
Meanwhile, the US Dollar Index (DXY), which measures the strength of the greenback against six major world currencies, was observed to have weakened slightly by 0.03% to the position of 102.138.
The Rupiah’s movement today will continue to be influenced by several developments in the global market. One of the primary focuses comes from the US bond market after long-term US Treasury yields surged again during Monday’s (5/10/2026) trading.
The 10-year Treasury yield briefly touched 5.349%, the highest level since April 2002, before settling at 5.307%. Meanwhile, the 30-year tenor reached 5.703%, the highest since May 2002, before dropping to 5.661%.
This rise in yields occurred after the market closely examined the latest US services sector data. The Institute for Supply Management (ISM) reported that the services PMI stood at 54.9 in September, slightly below August’s growth and in line with expectations.
Despite the slowdown in growth, US services sector activity remains in the expansion zone. Market attention has instead turned to the price component, which surged to 74, the highest since July 2022, and has remained above 70 in six of the last seven months.
Persistent high price pressures indicate that US inflation risks have not yet fully subsided. This condition acts as a counterbalance to the September labour report, which previously showed a slowdown and had temporarily eased market concerns regarding interest rate hikes by the Federal Reserve (The Fed).
High Treasury yields may maintain the attractiveness of US dollar-based assets and exert pressure on emerging market currencies, including the Rupiah.
Market participants are now awaiting the release of the US trade balance for the August period, scheduled for Tuesday night. The consensus expects the deficit to widen to US$102 billion from US$88.6 billion in July.