Rupiah Strengthens Sharply to Rp18,070 per US Dollar, Here's Why
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The Democratic Party's victory in the United States (US) midterm elections opens up the opportunity for easing global fiscal pressures.
Rupiah Strengthens 98 Points to Rp18,070 per US Dollar at the Open of Trading on Thursday
The rupiah opened at 18,089 per US dollar, strengthening 79 points or around 0.43% from the previous close of 18,168 per US dollar.
The rupiah strengthened further against the United States (US) dollar after the Central Statistics Agency (BPS) announced Indonesia's economic growth.
Rully Nova, an analyst at Woori Saudara Bank, said the strengthening of the rupiah against the US dollar at the opening of trading on Thursday (November 5, 2026), by 98 points to Rp18,070 per US dollar compared to the previous closing at Rp18,168 per US dollar, was influenced by the results of the US midterm elections, which were won by the Democratic Party.
The rupiah strengthened 0.54 percent to Rp 18,070 per US dollar on Thursday morning. The market awaits the release of Indonesia's economic growth figures for the third quarter of 2026. Read here.
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