Rupiah weakens again as a result of the fall of the Global Stock Exchange

fakta id. Jakarta, the rupiah exchange rate is in the position of Rp14,607 per US dollar (US) in spot market trading this afternoon, Tuesday (11/12). This position weakened 54 points or 0.37 percent from yesterday afternoon, Monday (10/12) at Rp14,515 per US dollar.

While the Bank Indonesia (BI) reference rate, Jakarta Interbank Spot Dollar Rate (Jisdor) placed the rupiah at Rp14,613 per US dollar or weakened from yesterday at Rp14,517 per US dollar.

In the Asian region, the rupiah weakened along with the majority of other currencies, such as the Indian rupee by 0.68 percent, Malaysian ringgit 0.31 percent, South Korean won 0.28 percent, and Philippine peso 0.01 percent.



While the Hong Kong dollar is stagnant. While the Singapore dollar rose 0.09 percent, China's renminbi rose 0.13 percent, the Japanese yen strengthened 0.25 percent, and the Thai baht gained 0.29 percent.

In contrast, the majority of the major currencies of developed countries actually strengthened from the US dollar. The British pound rose 0.5 percent, Swiss franc 0.36 percent, Russian ruble 0.35 percent, European euro 0.24 percent, and Australian dollar 0.17 percent. Only the Canadian dollar weakened 0.11 percent.

Monex Investindo analyst Dini Nurhadi Yasyi said the rupiah weakened again because there were negative sentiments in the form of fears of a slowdown in the world economy that re-emerged. This sentiment reappeared as the global stock market plummeted again.



In addition, concerns arose again because trade relations between the US and China had not yet found a bright spot. Not to forget, the yields of US bonds, US Treasury Bonds also weakened again.

"Actually, concerns about the global economy can be a negative sentiment for the US dollar, but also at the same time weaken the rupiah," Dini said Tuesday (11/12).

On the other hand, there is sentiment from the vote of the British parliament regarding proposals for the issuance of government from the European zone (Britain Exit / Brexit). "This makes the market wait and see," he concluded.

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