September 9, 2026 | 05:18 pm
TEMPO.CO, Jakarta - The rupiah exchange rate strengthened to Rp17,507 per US dollar in Wednesday afternoon trading on September 9, 2026. Director of PT Traze Andalan Futures, Ibrahim Assuaibi, attributed the 125-point increase to the positive Consumer Confidence Index in August, which rose to 118.5. This includes the national retail car sales record, which increased by 7.7 percent from 81,115 units last month to 83,422 this month.
"It's highly likely that the rupiah will continue to strengthen in trading tomorrow. There's a potential for a 50-point strengthening to Rp17,480 per US dollar," Ibrahim stated on Wednesday, September 9, 2026.
Ibrahim argued that the rupiah's sharp strengthening this afternoon appears attractive despite ongoing geopolitical tensions. Escalating tensions between Iran and the United States have caused the price of Brent crude oil to surpass US$100 per barrel. Not to mention the ongoing Russia-Ukraine conflict.
However, global oil prices did not weaken the rupiah this afternoon. "This is quite remarkable because the market is seeing quite positive internal data, leading to optimism that foreign capital inflows will return to the country," Ibrahim said.
Regarding the Consumer Confidence Index in August 2026, Bank Indonesia recorded an increase from the July 2026 index, at 116.8. Executive Director of the Bank Indonesia Communication Department, Ramdan Denny Prakoso, stated that increased consumer confidence in August was supported by a rise in the Current Economic Condition Index (CECI) and the Consumer Expectation Index (CEI).
Meanwhile, the CECI was recorded at 109.4, higher than the July index of 107.9. The CEI in August 2026 was recorded at 127.6, up from the July index of 125.7.
Read: A Middle Ground for Whoosh's Debt Burden
Click here to get the latest news updates from Tempo on Google News
Rupiah Strengthens to Rp17,640: What Drove the Gain?
2 hari lalu
Natural disasters, forest fires, and escalating tensions in the Strait of Hormuz drove movements in the rupiah exchange rate against the US dollar.
Rupiah Weakens in Early September: What's Behind the Decline?
7 hari lalu
The rupiah exchange rate on Tuesday weakened by 22 points, or 0.12%, at Rp17,744 per US dollar.
Why Is the Rupiah Expected to Weaken in September?
8 hari lalu
The rupiah is expected to remain volatile in September as hawkish Fed signals and key U.S. economic data weigh on the currency.
Rupiah Drops amid Escalating US-Iran Tension
9 hari lalu
The Indonesian rupiah weakened against the US dollar amid escalating US-Iran conflict and hawkish Fed signals.
Rupiah Stability Comes with a Hot-Money Trap
9 hari lalu
The rupiah's recovery masks a growing reliance on hot money. Bank Indonesia is buying stability today at the cost of greater vulnerability tomorrow.
Could Inflation and US Rates Move the Rupiah Next Week?
11 hari lalu
Analyst Ibrahim Assuaibi expects the rupiah to trade at Rp17,600-Rp17,900 per U.S. dollar next week amid inflation, trade and global risks.
Hippindo: Rupiah Weakens as Tourists Flock to Indonesia
14 hari lalu
Foreign tourists are taking advantage of the weak rupiah, which makes travel and shopping cheaper.
Rupiah Weakens Ahead of Fed's Warsh Speech at Jackson Hole
14 hari lalu
The rupiah exchange rate is down from Rp17,723 to Rp17,725 per US dollar.
Why Bank Indonesia Held Its BI Rate at 5.75 Percent
21 hari lalu
At the same time, Bank Indonesia maintained the deposit facility interest rate at 4.75 percent and the lending facility interest rate at 6.5 percent.
Indonesia 2027 State Budget: Growth, Spending, and Revenue Targets
24 hari lalu
The Indonesian government has decided on a list of targets under 2027 State Budget.
:strip_icc():format(jpeg)/kly-media-production/medias/4951307/original/044250400_1727138623-IMG_20240923_215315.jpg)
:strip_icc():format(jpeg)/kly-media-production/medias/9294089/original/095514600_1783784913-34-Akademi_Persib_vs_Putri_JP.JPG)