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RM.id Free people – This morning, the Rupee opened at Rp 14,915 per US Dollar. The rupiah weakened by 0.31% from Wednesday’s trade (5/17) at IDR 14,868 per US dollar.

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The weakening also occurred in the currencies of the Asian region. The Japanese yen weakened 0.13%, the Thai baht 0.15%, the Philippine peso 0.16%, the South Korean won 0.11% and the Chinese yuan 0.10%. . The Singapore dollar also weakened 0.03% and the Hong Kong dollar 0.01% at the open of trade this morning.

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For the main currencies of developed countries, the movements vary. The European Euro gained 0.15%, the British Pound weakened 0.05% and the Swiss Franc strengthened 0.13%. Then, the Australian dollar weakened by 0.05% and the Canadian dollar strengthened by 0.02%.

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Financial watcher Lukman Leong believes the rupiah will continue to weaken on the back of improving a number of US economic data and statements from several Fed officials regarding future interest rate policy. Today, Lukman estimates that the Rupee will move between Rp 14,800 per US Dollar and Rp 14,950 per US Dollar.

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