Domestic, Global Factors Put Rupiah in Pressures


The rupiah exchange rate on Thursday (1/7) is predicted to continue to weaken after the strengthening of the US dollar because the US employment data version of the private company Automatic Data Processing (ADP) released was better than market expectations last night.

Commodity Observer Ariston Tjendra said that with the results of this data, the market expects the government's version of the US labor data to be released on Friday tomorrow will show data that is also better than expectations.

"The improving employment data is one of the considerations for the US Central Bank to tighten its monetary policy, in addition to inflation data. This tighter monetary policy will encourage the strengthening of the US dollar," he said in Jakarta.

Meanwhile, from within the country, the emergency community activities restriction (PPKM) policy, which the government will widely implement during the month of July, could also trigger the weakening of the


Penulis : Widya