Dollar Weakens, Rupiah Closes Stronger at Rp17,211 per US Dollar

JAKARTA, Jakartaweekly.com — The US dollar index weakened in Monday’s (April 27, 2026) trading session, as market concerns over global supply disruptions eased and prospects for renewed peace talks between the United States and Iran improved.

By the afternoon session, the rupiah closed 18 points higher at Rp17,211 per US dollar, compared with its previous close of Rp17,229. During the session, the currency briefly gained as much as 20 points.

Currency and commodities analyst Ibrahim Assuaibi said market participants have begun pricing in the potential stabilization of global energy supplies following emerging diplomatic signals between the two countries.

Several international media reports indicated that Iran’s Foreign Minister Abbas Araqchi is scheduled to visit Islamabad to discuss follow-up proposals for renewed peace negotiations with the United States.

On the other hand, US President Donald Trump is also reported to have dispatched a special envoy to meet Iranian officials in an effort to reopen communication channels. Iran has reportedly put forward a new proposal that includes reopening the Strait of Hormuz and de-escalating ongoing conflicts.

Previously, markets had been overshadowed by concerns over potential military escalation in the Middle East, particularly following a vessel seizure incident in the Strait of Hormuz. The strategic waterway, which carries roughly one-fifth of global oil supply, has continued to face disruptions, with limited shipping traffic in recent days.

Domestically, sentiment was influenced by Moody’s, which affirmed Indonesia’s sovereign credit rating at Baa2—one notch above the investment-grade threshold—while revising the outlook from stable to negative.

He added that the government remains optimistic about the national economic outlook and is committed to maintaining macroeconomic stability. Efforts to improve the business climate, contain inflation, and strengthen fiscal-monetary policy coordination will continue to support economic growth.

Following the stronger close, Ibrahim expects the rupiah to trade with volatility and potentially weaken within the range of Rp17,210 to Rp17,620 per US dollar in the next session, amid evolving global and domestic sentiment.

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