Business · Markets · 1 hr ago
Rupiah Strengthens to 18,149 per US Dollar
The Indonesian rupiah rose to 18,149 per US dollar in early trading on Tuesday, gaining 0.04% from the previous close.
The rupiah is Indonesia’s currency, and its value against the dollar can shift with market expectations and global events.
Currency analyst Lukman Leong said lower oil prices could support the rupiah, amid hopes for peace talks in the Middle East.
He expects the currency to move within a narrow range, with only limited room to strengthen.
Investors are cautious because of a busy week for economic data and the approaching US midterm elections.
Leong forecasts a trading range of 18,100 to 18,200 per dollar for the rupiah during the day.
The rupiah strengthened to 18,149 per US dollar in Tuesday morning trading.
It rose 7 points, or 0.04 percent, from the previous close.
Analyst Lukman Leong said falling global crude oil prices and hopes for Middle East peace talks supported the currency.
He expected the rupiah to move between 18,100 and 18,200 per dollar during the day.
- Who
- The Indonesian rupiah and currency analyst Lukman Leong.
- What
- The rupiah strengthened to 18,149 per US dollar, up 7 points or 0.04 percent.
- When
- Tuesday morning, November 3, 2026.
- Where
- Indonesia.
- Why
- An analyst cited lower global crude oil prices and hopes for Middle East peace talks as support. Investors remained cautious amid economic data releases and the approaching US midterm elections.
This story does not have two clearly opposing sides.
The rupiah traded at 18,149 per US dollar, up 7 points or 0.04 percent from the previous close.
Lukman Leong forecast the rupiah would trade between 18,100 and 18,200 per dollar during the day.
- Exchange rate
- Rp18,149 per US dollar
- Change
- Up 7 points, or 0.04 percent
- Forecast range
- Rp18,100–Rp18,200 per US dollar
- Analyst
- Lukman Leong, DOO Financial Futures
- Date
- November 3, 2026
What people are saying
The rupiah is expected to continue fluctuating within a tight range, with limited strengthening potential supported by the substantial decline in global crude oil prices amid hopes for peace talks in the Middle East
Investors are generally still cautious amid a week packed with economic data releases and are also anticipating the US midterm elections. The rupiah's movement will also continue to be influenced by sentiment in equity markets, which remains weak