{
  "id": 10858437,
  "title": "Indonesian Rupiah gains on robust Chinese PMI data, budget assurance",
  "url": "https://urgent.news/2026/09/30/indonesian-rupiah-gains-on-robust-chinese-pmi-data-budget-assurance",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T04:43:36.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/indonesian-rupiah-gains-on-robust-chinese-pmi-data-budget-assurance-202609300443"
  },
  "original_language": "en",
  "account": "The Indonesian Rupiah experienced a gain on Wednesday due to robust economic data from China, according to official figures from China's National Bureau of Statistics (NBS). The Manufacturing Purchasing Managers' Index (PMI) rose to 50.1, indicating expansion territory, which met market expectations and marked an improvement from the previous 49.8 reading. The Non-Manufacturing PMI also showed a significant boost, increasing from 49.0 in August to 50.2, surpassing the anticipated 49.3. Moreover, China's private sector data revealed a strong economic momentum across various sectors. The RatingDog Manufacturing PMI in China reached 52.1 for September, outperforming both the previous reading of 51.5 and the expected 51.6. The Services PMI also increased to 51.6, exceeding both the prior month's 51.4 and the expected 51.1, indicating steady overall improvement. Indonesian Finance Minister Suahasil Nazara further bolstered investor confidence in the Rupiah by stating that the state budget was formulated with prudence and credibility to buffer the national economy against global uncertainty. However, a potential downside for the USD/IDR pair could arise as the US Dollar gains support from strong expectations of additional Federal Reserve interest rate hikes. Market expectations for Fed rate hikes now indicate a 68% probability of a hike in October and a 95% chance of a 25-basis-point increase in December. Investors are now focusing on the upcoming US Nonfarm Payrolls report, with economists expecting 90,000 jobs to be added in September and the Unemployment Rate remaining steady at 4.1%.",
  "summary": "USD/IDR extends its losses for the second consecutive day, trading around 17,860 during Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) gains strength, driven by improving market sentiment following stronger economic activity in China, Indonesia’s top trading partner.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar dives to six-month low vs Yen after Aussie CPI report, China PMIs",
        "url": "https://urgent.news/2026/09/30/australian-dollar-dives-to-six-month-low-vs-yen-after-aussie-cpi",
        "published": "2026-09-30T01:49:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}