Jakarta - The appreciation of the rupiah against the US dollar on Tuesday (24/8) is expected to continue as market sentiment toward risk assets improves and the tapering issue eases.

"Potential for strengthening to the range of 14,350 per US dollar with potential resistance in the range of 14,430 per US dollar," said money market observer Ariston Tjendra in Jakarta.

In addition, the upward sentiment in US stocks was triggered by the news that Pfizer's vaccine received full approval from the US Food and Drug Administration, which could increase public confidence in vaccination.

From within the country, the strengthening of the rupiah will also be supported by community activity restriction PPKM, which has been lowered in several economic centers such as Greater Jakarta, Surabaya, and other districts or cities in Java and Bali.

"The relaxation of the PPKM will increase the community's economic activity again," said Ar