Rupiah depreciated to Rp11.403/USD

The rupiah against the U.S. dollar ( USD ) opened this morning as negative depreciate Composite Stock Price Index ( CSPI ) in early trading on the weekends . The positive news strengthening Indonesia's foreign exchange reserves were not strong enough to confront fears of market participants trimming The Federal Reserve's stimulus program . This condition brings the rupiah and government bonds fell for two consecutive days . 
The rupiah dropped 0.6 % so far this week . In today's trading , the rupiah weakened 0.1 % to as low as 11,403 per dollar AS.Di foreign exchange rate in the market Non Delivered Forward to the next month also lost 0.8 % so far this week . On this day , the rupiah was little changed to a level of 11 378 per dollar in the market AS.Rupiah contract traded 0.2 % stronger than the domestic spot market . The average movement of dollars in October stood at 0.9 % .Strengthening of the rupiah hit USD after the release of economic data in the United States ( U.S.), most of which showed positive growth.On the other hand , the rate of the euro exchange rate re-strengthened after the release of the UK housing price index , growth in German factory orders and the services PMI improved in a number of European regions also provide a positive impact for the USD . Dollars above the target Rp11.436 support . Range Rp11.415 - 11 378 based on exchange rate of BI.Improving U.S. economy will lead the Fed tapering that will attract foreign funds out and hit rupiah.Stabilitation strengthening of the exchange rate of the rupiah will likely continue to trend higher until the end of the year .Meanwhile , government bonds 5.625 % which ended in May 2023 rose 12 basis points during the week to a level of 7.79% . From within the country , foreign exchange reference Jakarta Interbank Dollar Spot Rate ( JISDOR ) weakened again after the previous day had climbed to 11,389 per U.S. dollar . Rupiah middle exchange rate on the day of trading at the level of 11 404 per U.S. dollar .