Video: US Dollar Remains Strong at Rp 17,300, These Factors Are the Reason

Jakarta, CNBC Indonesia - Amid ongoing selling pressure in the Indonesian capital market, the JCI managed to open 0.60% higher at 6,998 on Monday, 4 May 2026, while the rupiah weakened to Rp 17,320 per US dollar. FX Analyst from CNBC Indonesia Research, Elvan Chandra Widyatama, stated that both internal factors and external sentiments continue to weigh on the market, including uncertainties from the Middle East war as well as concerns regarding the state budget and fiscal conditions affected by the war, and a downgrade in assessments by credit rating agencies towards Indonesia. What is the analysis of domestic market movements? For more details, watch the discussion by Syarifah Rahma and Shania Alatas with FX Analyst Elvan Chandra Widyatama in Squawk Box, CNBC Indonesia (Monday, 04/05/2026).