Business · Markets · 6 hrs ago
Rupiah strengthens to 18,065 per US dollar
The Indonesian rupiah rose to 18,065 per US dollar on Tuesday morning, gaining 20 points, or 0.11%, from the previous session.
Other Asian currencies moved in different directions, with the Philippine peso and Malaysian ringgit gaining while the South Korean won and Japanese yen weakened.
Currency analyst Lukman Leong said improving sentiment at home and abroad could support further gains.
He linked that optimism to a weaker US dollar index and lower oil prices, amid hopes for peace in the Middle East.
But investors are watching a planned demonstration and an MSCI review due on Wednesday, which could limit the rupiah’s rise.
Traders are also waiting for Indonesia’s September retail sales data, scheduled for release Tuesday afternoon.
Leong expects the rupiah to trade between 18,050 and 18,150 per dollar during the day.
The rupiah traded at 18,065 per US dollar on Tuesday morning, strengthening by 20 points, or 0.11 percent, from the previous session.
The gains came as Asian currencies moved in mixed directions against the US dollar.
Currency analyst Lukman Leong said improving domestic and global market sentiment, a weaker US dollar index and lower crude oil prices could support the rupiah.
He said the currency’s room to strengthen could be limited while investors watched a planned demonstration and MSCI’s review results.
Leong forecast the rupiah would trade between 18,050 and 18,150 per US dollar that day.
- Who
- The Indonesian rupiah and currency analyst Lukman Leong.
- What
- The rupiah strengthened to 18,065 per US dollar, up 20 points or 0.11 percent.
- When
- Tuesday morning, November 10, 2026.
- Where
- In trading in Indonesia.
- Why
- Leong cited improving domestic and global sentiment, a falling US dollar index and lower crude oil prices amid hopes for peace in the Middle East.
This story does not have two clearly opposing sides.
The rupiah’s comparison point was the previous trading session.
The rupiah traded at 18,065 per US dollar, up 20 points or 0.11 percent.
Indonesia’s September retail sales data was scheduled to be released at midday.
MSCI review results were expected to be announced.
- Rupiah rate
- 18,065 per US dollar
- Daily change
- Strengthened 20 points, or 0.11 percent
- Forecast trading range
- 18,050–18,150 per US dollar
- Retail sales data
- Indonesia’s September data was scheduled for release at midday on November 10
- MSCI review
- Results expected on November 11, 2026
What people are saying
The rupiah has the potential to strengthen against the US dollar amid improving sentiment in domestic and global markets, as well as a decline in the US dollar index and global crude oil prices amid hopes for peace in the Middle East.