The rupiah exchange rate on Thursday (15/7) is predicted to be depressed due to increasing concerns by market players about the increase in new cases of COVID-19 in various countries in the world, including Indonesia.

"Emergency activity restriction PPKM which has the potential to be extended is a concern for market players. Obviously this can suppress Indonesia's economic growth rate," said Money Market Observer Ariston Tjendra in Jakarta.

As for the potential for the weakening of the rupiah towards 14,520 per dollar, with support in the range of 14,460 per US dollar.

On the other hand, the statement by the Governor of the US Central Bank Jerome Powell before members of the US financial services committee that US monetary policy will still not change due to labor conditions that have not improved as expected can help curb the weakening of the rupiah.

The US dollar was seen weakening against major world currencies yesterday after