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The rupiah slipped as US tariffs and President Prabowo's fiscal policies weighed on the currency. It touched 16,640 per dollar on Tuesday, near its 1998 record low of 16,800.
The Australian dollar bought about 10,480 rupiah at its weekly high, up from roughly 10,000 on January 1.
Tariff-driven weakness in the rupiah and global commodity price pressure raise import costs for Indonesian buyers and shift trade competitiveness in the region.
news.com.auDuncan EvansMar 29, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
