Technology
Rupiah Weakens Most in Asia, USD Nears Rp17,917
On October 14, the Indonesian Rupiah significantly weakened against the US Dollar, becoming the weakest currency in Asia. Rising global oil prices are pressuring the Rupiah, while investor caution prevails ahead of US inflation data.
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On October 13th, the Indonesian Rupiah opened at Rp17,939 against the US Dollar, marking a 26-point decline. Analysts attribute this weakening to escalating geopolitical tensions in the Middle East, which are driving up crude oil prices and fueling global risk aversion. Most Asian currencies also depreciated against the dollar.