Rupiah Opens Weaker at Rp 14,935/US$ (Monday, May 11)
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The Indonesian Rupiah opened weaker at Rp 14,935 per US dollar in Monday's (May 11th) trading. As of 09:15 WIB, the Rupiah has strengthened by 0.03%.
Ariston Tjendra, Vice President of Monex Investindo Futures, projects the Rupiah to strengthen between Rp 14,800 and Rp 15,150 per US dollar. This is due to the revival of economic activity in several countries, following the decline in Covid-19 positive cases. However, the market must remain vigilant about the pandemic's developments and their negative impact on the economy.
In Asia, the majority of currencies also strengthened. Some of the strengthening currencies include the South Korean won (0.35%), the Thai baht (0.24%), and the Philippine peso (0.22%).
"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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