Rupiah Opens Trading in the Green, US Dollar Falls to Rp17,125

The rupiah opened stronger against the US dollar on Thursday (16/4/2026) trading. According to Refinitiv data, the Garuda currency opened at Rp17,125/US, appreciating0.03 in the previous session, depreciating 0.12%. Meanwhile, the US dollar index (DXY), which measures the greenback’s strength against six major world currencies, was observed weakening 0.05% to 98.011 at 09:00 WIB. The rupiah’s movement today received positive impetus from external factors, particularly the weakening of the US dollar in global markets. The US dollar itself remains near its lowest level since early March against several major world currencies. This weakening occurred after optimism from the White House regarding the chances of achieving a peace agreement with Iran improved, prompting market participants to start offloading safe-haven assets like the US dollar. US President Donald Trump stated that the US-Israel war against Iran is “nearing its end”. The White House also expressed its optimism about the prospects of an agreement, noting that follow-up face-to-face talks could be held again in Pakistan. On the other hand, sources familiar with discussions in Tehran indicated that Iran might consider reopening the shipping route on the Omani side of the Strait of Hormuz if an agreement is reached that could prevent further conflict escalation. This situation has caused the US dollar index to now move slightly above the 98 level, viewed as a short-term support area. If it breaks below that level again, pressure on the US dollar could intensify further. This weakening of the greenback ultimately opens room for strengthening in other countries’ currencies, including the rupiah.