TEMPO.CO, Jakarta - The rupiah exchange rate on Thursday morning weakened by 52 points or 0.29 percent to Rp18,066 per US dollar compared to the previous closing at Rp18,014 per US dollar.
Economist Chief of Permata Bank, Josua Pardede, assesses that the weakening of the rupiah is influenced by the increasing geopolitical tensions in the Middle East.
"The rupiah weakened along with the majority of Asian currencies as geopolitical tensions in the Middle East increased, pressing down on risk sentiments in the region," Josua stated to Antara in Jakarta on Thursday, July 9, 2026.
The escalation of the conflict refers to the U.S. military attack on Iran, dimming hopes for a peaceful agreement in the region in the near future. The continuing escalation has raised concerns about greater shipping disruptions in the Strait of Hormuz, triggering worries about supply disruptions in the Middle East.
The attack also occurred shortly after the U.S. withdrew key concessions allowing Iran to sell oil internationally, a move marking a tighter oil market in the coming weeks.
Crude oil prices also rose to exceed US$75 per barrel, adding pressure on the currencies of developing countries.
Other sentiments from the release of the minutes of the Federal Open Market Committee (FOMC) meeting in June 2026 further confirmed policymakers' concerns about persistent inflation pressures.
Based on these factors, the rupiah is estimated to be in the range of Rp17,975-Rp18,125 per US dollar.
Read: Bank Indonesia Says It Will Go 'All Out' to Stabilize Rupiah
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