Gotrade News - The Indonesian rupiah strengthened against the US dollar at the opening of trading on Wednesday (March 11, 2026), following a significant drop in oil prices. The rupiah rose by 12 points to 16,851 per US dollar, compared to the previous close of 16,863 per US dollar. Lukman Leong from Doo Financial Futures cited the oil price decline as the main factor driving this appreciation.
Brent crude oil, which had previously hit USD 119 per barrel, fell to USD 87.6 per barrel. This was prompted by US President Donald Trump's statement regarding the potential de-escalation of conflict with Iran.
Key Takeaways:
- The rupiah strengthened by 0.07% to 16,851 per US dollar.
- Brent oil prices dropped to USD 87.6 per barrel.
- Trump's statement on Iran eased market tensions.
The statement influenced investor optimism, although the war still weighs on the rupiah. Bank Indonesia also intervened aggressively to ensure the rupiah remains stable.
Furthermore, this highlights the significance of global factors and monetary policy in rupiah's exchange rate movement. Analysts project the rupiah to move within the range of 16,800-16,950 per US dollar amid ongoing global uncertainty.
It is hoped that further positive sentiment can support the appreciation of the rupiah, especially given the current outflow of foreign capital from the regular market.
Reference:
- Liputan6, Rupiah Perkasa terhadap Dolar AS Hari Ini 11 Maret 2026. Accessed on March 11, 2026
- RRI, Rupiah Bergerak Menguat seiring Turunnya Harga Minyak. Accessed on March 11, 2026
Featured Image: GPT Image 1.5
