Bisnis.comJAKARTA — The rupiah exchange rate against the US dollar is expected to fluctuate with a tendency to weaken in the range of IDR 16,700-IDR 16,750 on Thursday (20/11/2025).
Based on the data Bloombergthe rupiah exchange rate closed up 0.26% to stand at IDR 16,708 per US dollar. The US dollar index at 15.00 WIB was observed to have strengthened 0.05% to the level of 99.6.
Meanwhile, several other currencies in the Asian region were observed to close differently in front of the US dollar. The Japanese yen closed stagnant, the Hong Kong dollar weakened 0.07%, the Singapore dollar weakened 0.08%, the Taiwan dollar weakened 0.08%, and the South Korean won fell 0.37%.
Then the Philippine peso strengthened 0.11%, the Chinese yuan stagnated, the Malaysian ringgit strengthened 0.41%, and the Thai baht weakened 0.08%.
Commodity and currency analyst Ibrahim Assuaibi said the September US non-farm payrolls report, which was delayed due to last month’s government shutdown, is scheduled for release on Thursday.
“Market participants are paying close attention to signals of labor market strength and wage pressures. Weaker-than-expected data could increase hopes for a Federal Reserve interest rate cut,” said Ibrahim, Wednesday (19/11/2025).
He continued that Federal Reserve officials have recently signaled caution about further interest rate cuts.
On the other hand, inflation remains high, and economic growth remains resilient, so markets are pricing in only a moderate chance of a 25 basis point rate cut in December.
Adding to market uncertainty, US President Donald Trump said he has decided on his preferred choice for the next chairman of the Federal Reserve and may announce it soon. Although the term of the current chairman, Jerome Powell, will end in May 2026, speculation about a new nominee has unsettled investors worried about the central bank’s independence.
Domestically, in line with market expectations, Bank Indonesia today decided to maintain the BI-Rate benchmark interest rate at 4.75%. Apart from that, BI also set the Deposit Facility interest rate at 3.75%, and the Lending Facility interest rate at 5.50%.
This decision is consistent with the forecast for inflation in 2025 and 2026 which will remain low within the target of 2.5% or more or less 1%. According to him, efforts are made to maintain the stability of the Rupiah exchange rate in accordance with fundamentals amidst still high global uncertainty, as well as synergies to help strengthen growth.
15:30 WIB
Rupiah Closed Strengthening IDR 16,736 per US Dollar
Based on the data Bloombergthe rupiah exchange rate closed up 0.17% to stand at IDR 16,736 per US dollar. The US dollar index DXY at 15.00 WIB was observed to have strengthened 0.01% to the level of 100.23.
Meanwhile, several other currencies in the Asian region were observed to close differently in front of the US dollar. The Japanese yen closed down 0.11%, the Hong Kong dollar strengthened 0.12%, the Singapore dollar weakened 0.05%, the Taiwan dollar weakened 0.05%, and the South Korean won fell 0.12%.
Then the Philippine peso weakened 0.21%, the Chinese yuan fell 0.03%, the Malaysian ringgit weakened 0.14%, and the Thai baht strengthened 0.03%.
09:05 WIB
Rupiah opens sluggish to IDR 16,745 per US dollar
Launching data Bloomberg At 09.08 WIB, the rupiah weakened 0.22% to IDR 16,745 at the opening of trading today. Meanwhile, the dollar index strengthened 0.02% to 100.24 today.
Apart from the rupiah, weakness was also experienced by the Japanese yen which was corrected by 0.18%, the Singapore dollar fell 0.05%, the Taiwan dollar fell 0.02%, the South Korean won fell 0.07%, and the Philippine peso fell 0.24%.
Apart from that, the Chinese yuan also weakened 0.04%, the Malaysian ringgit weakened 0.18%, and the Thai baht weakened 0.06%. In contrast, the Indian rupee strengthened 0.02% and the Hong Kong dollar strengthened up to 0.09%.
As for launching Reutersthe dollar rose quite high in trading Thursday (20/11/2025), after recording a significant increase in the last six weeks because the Fed’s minutes made it seem unlikely that a cut in US interest rates in December would be realized.
