Update COVID-19 in Indonesia: 70,736 confirmed infections, 3,417 deaths (9 July 2020)
6 July 2020 (closed)
USD/IDR (14,501) +55.01 +0.38%
EUR/IDR (16,343) -41.31 -0.25%
Jakarta Composite Index (5,052.79) -23.38 -0.46%
According to the Bloomberg Dollar Index, the Indonesia rupiah exchange rate fell 0.09 percent to IDR 11,976 per US dollar as per 13:46:18 local Jakarta time on Friday (06/12). It is expected that this slight depreciation of the rupiah will continue for the remainder of the trading day. The rupiah received some support from Moody's Investors Service, which stated that the rupiah depreciation itself is not a trigger for a rating downgrade. The ratings agency affirmed the country's Baa3 rating due to Indonesia's strong growth and low debt level.
Bank Indonesia's mid rate (the Jakarta Interbank Spot Dollar Rate or JISDOR) strengthened 0.48 percent to IDR 11,960 per US dollar on Friday (06/12). The central bank's (BI) exchange rate responded to yesterday's rise of the Euro against the US dollar. In the morning of Thursday (05/12), Indonesia's rupiah exchange rate depreciated beyond the psychological level of IDR 12,000 per US dollar according to the Bloomberg Index. However, after the Euro appreciated against the US dollar, the rupiah received a significant boost.
Indonesia Stock Exchange
During the first trading session on Friday (06/12), Indonesia's Jakarta Composite Index (IHSG) fell 0.8 percent to 4,182.98 points. The infrastructure sector led losses (-1.69 percent).