Rupiah tends to move flat despite the strengthening of the US dollar against major currencies. In addition, the demand for the dollar has increased, and the demand for other safe haven assets has also increased, as indicated by the increase in gold prices and also followed by an increase in the yield of the US Treasury to the level of 2.88%. In addition, the release of Indonesia's trade balance data as of March 2022 recorded a surplus of US$ 4.53 billion, wherein March's export performance was the highest in history, which also limited the weakening of rupiah.
Rupiah will strengthen in a limited range of Rp.14,000 - Rp.14,700 per USD.
Rupiah will strengthen in a limited range of Rp.14,000 - Rp.14,700 per USD.
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