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Rupiah stays under pressure as USD/IDR holds near 17,760
Indonesia’s current account deficit widened to a record $12.5 billion in Q2 2026, underscoring external pressures on the rupiah.
USD/IDR stayed supported for a second straight day in Asian trading on Tuesday, holding around 17,760 as the Indonesian rupiah remained under pressure amid cautious market sentiment and external headwinds, FXStreet reported.
A key driver cited was Indonesia’s current account, which expanded to a record $12.5 billion in the second quarter of 2026. The wider gap raises concerns that high oil prices, import demand, and weaker export figures will keep the country’s external balance under strain.
On policy, FXStreet said Bank Indonesia Governor candidate Destry Damayanti pointed to balancing macroeconomic stability with faster domestic growth, with a focus that includes foreign exchange flow management. She also outlined plans for a pre-emptive interest rate approach and additional digital payment initiatives.
The US dollar’s tone was also supported ahead of the upcoming US Personal Consumption Expenditures release, the Federal Reserve’s preferred inflation gauge, according to FXStreet. Market participants are also watching Federal Reserve Chair Kevin Warsh’s Jackson Hole speech for signals on a potential September interest-rate adjustment, though strategists at Scotiabank said dollar sentiment appears soft based on options risk-reversal pricing for the Bloomberg dollar index.
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