KONTAN.CO.ID - JAKARTA. The United States dollar index (US) strengthened. The strengthening of the dollar caused turmoil in the currency market which affected the movement of the rupiah Tuesday (13/11) morning. Based on Bloomberg data at 10.03 WIB, the rupiah exchange rate in the spot market was at the level of Rp 14,920 per US dollar, down 0.67% from the closing Monday (12/11). But at 11.54 WIB, the rupiah weakened 0.40% at Rp 14,879 per dollar. The rupiah exchange rate based on the Jakarta Interbank Spot Dollar Rate (Jisdor) shows a weakening of 1% to Rp. 14,895 per US dollar. At the same time, the dollar index showed a level of 97.59. Monex Investindo Futures analyst Faisyal said the stronger dollar caused emerging market currencies to weaken. "Market participants predict the US central bank will again raise interest rates by 25 basis points by the end of the year. That's what causes the dollar index to strengthen, "said Faisyal.
The strengthening dollar threatens the rupiah
KONTAN.CO.ID - JAKARTA. The United States dollar index (US) strengthened. The strengthening of the dollar caused turmoil in the currency market which affected the movement of the rupiah Tuesday (13/11) morning. Based on Bloomberg data at 10.03 WIB, the rupiah exchange rate in the spot market was at the level of Rp 14,920 per US dollar, down 0.67% from the closing Monday (12/11). But at 11.54 WIB, the rupiah weakened 0.40% at Rp 14,879 per dollar. The rupiah exchange rate based on the Jakarta Interbank Spot Dollar Rate (Jisdor) shows a weakening of 1% to Rp. 14,895 per US dollar. At the same time, the dollar index showed a level of 97.59. Monex Investindo Futures analyst Faisyal said the stronger dollar caused emerging market currencies to weaken. "Market participants predict the US central bank will again raise interest rates by 25 basis points by the end of the year. That's what causes the dollar index to strengthen, "said Faisyal.