Rupiah Weakens to Rp16,303 per Dollar Due to Escalating Tensions in the Middle East,
The exchange rate of the rupiah opened weaker on Friday (06/13) morning, declining by 61 points or equivalent to 0.38% due to the escalating conflict in the Middle East following Israel's attack on Iran.
According to Bloomberg data, the dollar index recorded an increase of 0.27 points or 0.28% at the level of 98.1. On the other hand, some foreign currencies, such as the Japanese yen and Swiss franc, also strengthened.
Moreover, the US stock market also turned green simultaneously, including S&P 500 0.3%, Nasdaq 0.2%, and NYSE 0.4%. This turmoil also caused gold to rise to US$3,453 per ounce.
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Image Source: Bloomberg