The Indonesian rupiah has been under pressure so far today (03/02) on concern that falling oil prices drag down other commodity prices, hence negatively affecting Indonesia's export performance. Yesterday, a global selloff in stocks occurred as oil prices were again touching the USD $30 per barrel mark. Emerging market currencies too are under pressure. The Indonesian rupiah had depreciated 0.79 percent to IDR 13,799 per US dollar (Bloomberg Dollar Index) by 12:55 pm local Jakarta time.

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Rupiah Indonesia meneruskan penguatan yang luar biasa pada hari Selasa (22/12). Mata uang ini naik 0,98% menjadi Rp 13.672 per dollar Amerika Serikat (AS) pada pukul 11:10 Waktu Indonesia Barat (Bloomberg Dollar Index). Rupiah telah pulih dari level rendahnya pada Rp 14.123 per dollar AS pada hari Senin 14 Desember menjadi Rp 13.672 per dollar AS, naik 3,2% dalam waktu sekitar satu minggu. Ada beberapa hal yang menjelaskan kinerja yang luar biasa ini.

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Rupiah Indonesia menguat secara signifikan terhadap dollar Amerika Serikat (AS) pada hari Senin (21/12) kendati ada prediksi bahwa rupiah akan menjadi mata uang dengan performa terburuk di Asia pada tahun 2016 akibat capital outflows (karena suku bunga AS direncanakan akan semakin dinaikkan pada tahun 2016), cadangan devisa Indonesia yang menurun, dan harga-harga komoditi yang terus-menerus rendah. Berdasarkan pada Bloomberg Dollar Index, rupiah telah menguat 1,13% menjadi Rp 13.760 per dollar AS pada pukul 14:20 Waktu Indonesia Barat (WIB) pada hari Senin (21/12).

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The Indonesian rupiah is again flirting with the IDR 13,900 per US dollar level after the central bank announced on Monday (07/12) that Indonesia's foreign exchange reserves fell further in November. Based on the Bloomberg Dollar Index, the rupiah had depreciated by 0.19 percent to IDR 13,887 per US dollar at 15:30 pm local Jakarta time on Tuesday (08/12). Other factors that put pressure on the rupiah are the low oil price (giving rise to a strong US dollar), weak trade data from China, and the looming US interest rate hike.

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Saham-saham di Asia diprediksi akan berada di bawah tekanan hari ini karena harga minyak mentah turun 2,9% semalam setelah American Petroleum Institute menerbitkan sebuah laporan yang menyatakan suplai minyak Amerika Serikat (AS) bertambah secara tak terduga sebesar 6,3 juta barel. Harga komoditi lain juga turun setelah penerbitan data output industri yang jatuh dari Republik Rakyat Tiongkok (RRT) pada hari Rabu. Kendati begitu, dengan penjualan ritel RRT yang positif di bulan Oktober (kenaikan terkuat pada tahun ini) sedikit kemungkinan akan terjadi stimulus besar baru dari pihak berwenang RRT.

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Kebanyakan indeks saham di Asia jatuh pada perdagangan hari Selasa (10/11) karena kekuatiran bahwa kemacetan ekonomi Republik Rakyat Tiongkok (RRT) berdampak negatif pada laju pertumbuhan ekonomi global, sedangkan pasar bersiap-siap menghadapi ancaman kenaikan suku bunga Amerika Serikat (AS) sebelum akhir tahun. Terlebih lagi, sentimen-sentimen di Asia Tenggara tidaklah positif karena mayoritas laporan pendapatan kuartal 3 tahun 2015 tidaklah memuaskan. Bila dikombinasikan, hal ini memicu peralihan ke aset-aset yang lebih aman. Indeks Harga Saham Gabungan (IHSG) jatuh 1,08% menjadi 4.451,05 poin.

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Shares in the Asia-Pacific were mixed after opening on Monday (09/11). While, Japanese shares touched a fresh 2.5 month high on a weaker yen and Chinese shares went up (despite disappointing trade data), shares in Indonesia, South Korea and Australia were down. Indonesia's benchmark Jakarta Composite Index fell approximately 0.50 percent after opening on Monday, while the Indonesian rupiah had depreciated 0.83 percent to IDR 13,676 per US dollar by 09:16 am local Jakarta time.

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Bank sentral Indonesia mengumumkan pada hari Jumat (06/11) bahwa cadangan devisa Indonesia telah jatuh sebesar 1 miliar dollar Amerika Serikat (AS) menjadi 100,7 miliar dollar AS pada akhir Oktober 2015. Penurunan ini disebabkan oleh pembayaran hutang luar negeri dan usaha-usaha untuk menstabilkan rupiah yang rapuh (mata uang Indonesia sensitif pada prediksi pasar mengenai ancaman kenaikan suku bunga AS).

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Most Asian stock indices strengthened on Monday (26/10) as China cut the one-year lending rate by 0.25 percent to 4.35 percent (the sixth interest rate cut within a 12-month period) and cut banks' reserve requirement ratio by 0.50 percent to 17.5 percent. On the one hand this move should boost economic expansion in the world's second-largest economy. On the other hand, however, the move is one the the many signals that the economy of China is weakening further and heading for a 25-year low growth pace in 2015.

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The Indonesian rupiah is slightly weakening on Monday (12/10) as market participants are responding to Federal Reserve Vice Chairman Stanley Fischer's remarks in Lima (Peru) where he attended the latest IMF meeting as well as a banking seminar. Fischer said that there could still be a Fed Fund Rate hike before the end of the year, provided that US economic data (and global circumstances) allow such a move. Based on the Bloomberg Dollar Index, the rupiah had depreciated 0.02 percent to IDR 13,414 per US dollar by 12:15 pm local Jakarta time.

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On the first trading day of the week (Monday 28 April 2014), the Indonesian rupiah exchange rate depreciated 0.19 percent to IDR 11,587 per US dollar based on the Bloomberg Dollar Index. Several factors - both internal and external - influenced the rupiah as well as Indonesian stocks in a negative way. The benchmark stock index of Indonesia (known as the Jakarta Composite Index or IHSG) declined a whopping 1.61 percent to 4,818.76 points, in line with the regional trend in Asia today.

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The Indonesian rupiah exchange rate ended the week with a 0.32 percent gain to IDR 11,565 per US dollar on Friday (25/04) based on the Bloomberg Dollar Index. Despite still high local demand for US dollars ahead of the month-end (for reasons of profit repatriation, imports and debt repayments), the rupiah managed to appreciate as (foreign and domestic) investments in Indonesia were reported to have reached a new record at IDR 106.6 trillion (USD $9.4 billion) in the first quarter of 2014.

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Mostly declining Asian stock indices, led by Hong Kong's Hang Seng Index (HSI) and the Shanghai Stock Exchange Composite, had a negative influence on the performance of Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG) on Wednesday (23/04). Moreover, today's sharp rupiah depreciation contributed to the 0.10 percent decline to 4,893.15 points. Based on the Bloomberg Dollar Index, the Indonesian rupiah exchange rate depreciated 0.94 percent to 11,630 per US dollar.

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Despite sharp rupiah depreciation and generally falling Asian stock indices, the benchmark stock index of Indonesia (Jakarta Composite Index or IHSG) managed to climb 0.12 percent to 4,898.21 points on Tuesday (22/04). Factors that contributed to push the IHSG into green territory were dividend payment announcements and optimism regarding companies' financial performances in the first quarter of 2014. Foreign investors accounted for 34 percent of today’s total trading, recording net buying of IDR 1 trillion (USD $87.7 million).

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Due to a lack of positive domestic and external sentiments, the Indonesian rupiah exchange rate has depreciated to a six-week low against the US dollar. Based on the Bloomberg Dollar Index, Indonesia's currency declined 0.66 percent to IDR 11,521 per US dollar by 16:22 local Jakarta time. In fact, several negative domestic sentiments are the reason behind the current depreciation. Firstly, revived concerns about Indonesia's current account deficit and, secondly, concerns about capital outflows due to dividend payments.

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After having recorded a five-day winning streak, Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG) fell 0.10 percent to 4,892.29 points on Monday (21/04). The forming of a doji star and limited movement of the IHSG (due to reduced buying volume) implied that - without the publication of good news triggering positive market sentiments - the index would decline. Today's depreciation of the Indonesian rupiah exchange rate and mixed Asian indices were reasons for investors to engage in profit taking.

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Indonesia's benchmark stock index (known as the IHSG or Jakarta Composite Index) posted another small gain on Wednesday (16/04), thus extending its winning streak to four days. The index gained 0.06 percent to 4,873.01 points. Despite slowing GDP growth in China, a depreciating rupiah exchange rate (responding to slightly higher US chain store sales and expected higher US building permits as well as US manufacturing production) and foreign investors recording a net sell, the index stayed in the green zone.

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The Indonesian rupiah exchange rate moved within limited range on Wednesday. Based on the Bloomberg Dollar Index, the currency depreciated 0.07 percent to IDR 11,436 per US dollar. Since Thursday (10/04), the rupiah has had to cope with pressures as Indonesia's legislative election was unable to provide political certainty. On the other hand, the country's improved economic fundamentals - easing inflation and the narrowing current account deficit - have resulted in capital inflows, thus supporting the rupiah.

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After several days of strong performance, Indonesia's benchmark stock index (known as the Jakarta Composite Index or IHSG) felt the impact of profit taking on Tuesday (16/04). As a consquence, the IHSG's upward movement was limited and unable to completely close the gap at 4,829-4,906. At the start of the trading day, the index opened positively, but during the day - when a number of Asian indices were down - the IHSG's performance was curbed. Indonesia's benchmark index gained 0.11 percent to 4,870.21 points.

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Investors’ appetite for Indonesian stocks, particularly the big cap stocks, made Indonesia’s benchmark stock index (known as the Jakarta Composite Index or IHSG) rise further on Monday (14/04). Most of the sectoral indices were up, led by the property sector and followed by basic industries. Contrary to most Asian indices, which were mixed today (with raw materials in particular being sold by investors), the IHSG managed to climb 1.00 percent to 4,864.88 points.

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