...The rupiah is expected to weaken again against the strengthening US dollar. The US dollar, which had weakened after lower-than-expected US GDP growth data for the fourth quarter of 2024, turned stronger after Trump again threatened a 25 percent tariff.

Doo Financial Futures currency analyst Lukman Leong predicts the rupiah exchange rate will weaken after United States (US) President Donald Trump again threatened Canada and Mexico with a 25 percent tariff policy.

The rupiah is expected to weaken again against the strengthening US dollar. The US dollar, which had weakened after the lower-than-expected US GDP growth data for the fourth quarter of 2024, turned stronger after Trump again threatened a 25 percent tariff on Canada and Mexico, he told ANTARA in Jakarta, Friday (31/1).

It was recorded that the US annual GDP grew 2.3 percent or lower than the estimate of 2.6 percent in the fourth quarter of 2024. This was due to a trade balance deficit of 237 billion US dollars.

However, the recent tariff policy that has given positive sentiment to the US dollar is still affecting the weakening of the rupiah exchange rate.

US importers have been preparing themselves by importing long before Trump took office, he said.

The rupiah exchange rate (exchange rate) at the opening of trading on Friday in Jakarta weakened by 40 points or 0.25 percent to Rp16,297 per US dollar from the previous Rp16,257 per US dollar.

Source : Antaranews.com

Feb 1, 2025