Market and Rupiah Outlook Amid Rising Oil Prices
Bank Mandiri projects the rupiah exchange rate to move within the range of Rp17,590-17,685 per US dollar on Monday.
Bank Mandiri's Chief Economist predicts the rupiah exchange rate will weaken against the US dollar, possibly ranging from Rp17,590 to Rp17,685 per dollar. This prediction is influenced by rising global oil prices, U.S. Treasury yields, and expectations of a Federal Reserve interest rate increase. Despite this, a stable US Dollar Index and positive foreign capital inflows in the bond market may limit the depreciation of the rupiah.
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