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Prezzi
fxJun 26, 2026, 4:10 AM

Indonesian Rupiah Weakens as USD Gains on Fed Rate Hike Bets

USD/IDR holds gains near 18,000 after a bullish gap opening, as the US Dollar finds support from rising expectations of a Federal Reserve rate hike.

USDIDR

The Indonesian Rupiah continued to lose ground against the US Dollar during Asian trading on Friday, with USD/IDR trading near the 18,000 level after opening with a bullish gap. The pair held onto gains as the greenback strengthened on increased market expectations that the Federal Reserve will raise interest rates.

No additional details were provided beyond the initial move, but the price action suggests sustained dollar demand against the Rupiah. Traders remain focused on Fed policy signals for further direction.

Source: FXStreet Forex News