Rupiah Gains Ground Against US Dollar on Thursday

Currency Strength Driven by Dollar Weakness

The Indonesian rupiah demonstrated strength against the US dollar during Thursday's trading session, closing at Rp16,701 per USD ²

, representing a 0.10% appreciation from the previous day's close of Rp16,717 per USD. This positive performance was mirrored in the Jakarta Interbank Spot Dollar Rate (Jisdor) where the rupiah was quoted at Rp16,707 per USD, gaining 0.13% from Rp16,729 per USD the previous day ²

Source 2

https://finance.detik.com/bursa-dan-valas/d-8196662/dolar-as-mulai-jinak-ke-level-rp-16-685

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Market Analysis and Expert Commentary

According to Lukman Leong, analyst at Doo Financial Futures, the rupiah's strengthening was primarily attributed to the weakening US dollar amid market speculation regarding potential policy changes under US President Donald Trump ²

. The dollar's movement against other major currencies showed mixed but generally stagnant trends, with stable performance against currencies like the Canadian dollar, Swiss Franc, and Hong Kong dollar ¹

Source 1

https://investasi.kontan.co.id/news/rupiah-ditopang-pelemahan-dolar-as-pada-hari-ini-begini-proyeksinya-besok-711

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Technical Performance and Market Implications

The rupiah's technical performance showed consistency across different market segments. In the morning session, the dollar was quoted around Rp16,685, showing a decrease of 32 points or 0.19% ¹

. This consistent performance across various market measurements indicates broad-based support for the rupiah's appreciation.