Rupiah Opens Weaker at Rp 15,455/US$, Monday (April 27)
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The Indonesian Rupiah opened weaker at Rp 15,455/US$ in Monday's, April 27th, trading. Ariston Tjendra, Vice President of Monex Investindo Futures, predicts the Rupiah could strengthen today. Positive sentiment stems from stabilizing crude oil prices. Furthermore, plans to lift lockdowns in several countries due to easing Covid-19 cases are also contributing to strengthening sentiment.
The Garuda currency's exchange rate against the US dollar is potentially expected to move between Rp 15,300-15,500 today. Meanwhile, Asian currencies are strengthening. The strongest gains were seen in the South Korean won (0.31%), the Singapore dollar (0.17%), and the Taiwan dollar (0.13%). Conversely, the Indian rupee weakened by 0.5% and the Japanese yen by 0.02%.
"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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