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FXStreet

Indonesian rupiah extends four-day rise as Q2 foreign direct investment jumps 27.4%

AI Market Summary
USD/IDR extended losses as the rupiah strengthened on a 27.4% YoY rise in Q2 foreign direct investment, reinforcing near-term confidence in Indonesian assets despite inflation nearing the top of Bank Indonesia's target band. Offsetting pressures stem from escalating Middle East tensions: reports that Iran may direct the Houthis to threaten Red Sea shipping raise oil-supply risk and can support USD via risk aversion, limiting further USD/IDR downside.
Impact level
● Medium
Affected assets
NCFXUSD2IDR/USDT+0.00%
AI Insight · NCFXUSD2IDR/USDTAI Insight
● Neutral
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Indonesia’s foreign direct investment rose 27.4% year on year in the second quarter, helping the rupiah post a fourth straight day of gains and pushing USD/IDR down to around 17,990. Separately, Iran has instructed Yemen’s Houthi militia to prepare to close the Red Sea shipping route in response to a potential U.S. strike on Iranian power infrastructure. Explosions were also reported in several locations, adding to concerns about risks to global oil supplies and spilling over into Indonesia’s foreign-exchange market.
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