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The Indonesian Rupiah opened weaker at Rp 14,934/US$ in Tuesday's (May 12th) trading. Ariston Tjendra, Head of Research and Education at Monex Investindo Futures, predicts further weakening of the Rupiah today. This is due to market concerns over a potential second wave of Covid-19 cases in countries easing lockdowns.
Quoting Bloomberg, most Asian currencies also weakened. Some of these include the South Korean won (0.57%), Malaysian ringgit (0.38%), and Indian rupee (0.24%). Meanwhile, strengthening currencies included the Japanese yen (0.13%), Thai baht (0.08%), and Chinese yuan (0.03%).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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