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Rupiah Weakens to Rp16,303 per Dollar Due to Escalating Tensions in the Middle East
The exchange rate of the rupiah at the opening of trading on Friday ( weakened by 61 points or equivalent to 0.38% due to the increased escalation of 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, several foreign currencies, such as the Japanese yen and the Swiss franc, also experienced appreciation.
Moreover, the US stock market also turned green simultaneously, including the S&P 500 up 0.3%, Nasdaq up 0.2%, and NYSE up 0.4%. This volatility also caused gold to rise to US$3,453 per ounce.