Rupiah Recorded at 17,839, Predicted to Continue Weakening Tomorrow

The rupiah exchange rate at the close of trading on Tuesday, 2 June 2026, remained above the 17,800 level per US dollar. The rupiah weakened to the 17,839 level, a decline of 34 points compared to the previous trading day.

Ibrahim Assuabi, Director of PT Traze Andalan Futures, predicted that the rupiah will move fluctuantly in tomorrow’s trading, potentially closing in the range of Rp 17,840-17,900 per US dollar, according to his regular analysis on Tuesday, 2 June 2026.

Bank Indonesia’s Jakarta Interbank Spot Dollar Rate (Jisdor) on Tuesday was recorded at Rp 17,863 per US dollar. Meanwhile, based on Bank Indonesia’s transaction rate data on the same day, the selling rate for the dollar was set at 17,972.

The weakening of the rupiah occurred amidst the strengthening of the US dollar. According to Ibrahim, exchange rate movements are still being influenced by conflicts in the Middle East. US President Donald Trump stated that talks with Iran are ongoing, while Tehran has reportedly suspended indirect negotiations with Washington.

Furthermore, the war between Israel and the Hezbollah group in Lebanon continues and has the potential to expand the conflict. Iran had previously threatened to halt negotiations with the United States and would take action if Israel continues its attacks in Lebanon.

From a domestic perspective, the Central Bureau of Statistics (BPS) recently released Indonesia’s inflation data for May, which stood at 3.08 per cent year-on-year (yoy). The Consumer Price Index (CPI) rose to 111.40 compared to April’s 110.09. Year-to-date inflation was recorded at 1.35 per cent, with a monthly increase of 0.28 per cent.

Indonesian manufacturing activity has returned to the expansion zone. According to the S&P Global report, Indonesia’s Manufacturing Purchasing Managers’ Index (PMI) rose to a level of 50.0 in May 2026, after contracting to 49.1 in April 2026.