In the Previous Trading Session (October 8, 2026):
- The Jakarta Composite Index (JCI) closed down 1.88% at 6,031.28, compared with 6,146.72 at the close on October 7, 2026.
- The Rupiah weakened by 0.08% to IDR 17,895 per USD, compared with IDR 17,880 per USD at the close on October 7, 2026.
Indonesia’s financial markets closed under pressure on Thursday, with both the JCI and the Rupiah posting declines. Market sentiment was weighed down by a stronger US dollar, elevated US Treasury yields, and concerns over global inflation and interest rates, as investors monitored US economic data for signals regarding the Federal Reserve’s monetary policy outlook.
Indonesia’s Consumer Confidence Index (CCI) eased to 118.1 in September 2026 from 118.5 previously, primarily reflecting a deterioration in perceptions of current economic conditions and job availability. However, expectations for future income and employment opportunities continued to improve, indicating that domestic consumption remains relatively resilient.
Global
Wall Street closed mixed on Thursday, with the Nasdaq Composite falling 1.25% to 27,193.34 and the S&P 500 declining 0.47% to 7,765.36, while the Dow Jones Industrial Average edged up 0.10% to 51,231.64. Market sentiment was pressured by concerns over OpenAI’s revenue outlook, weighing on technology stocks, as well as a surge in oil prices amid US–Iran tensions, which heightened inflation risks and reinforced expectations that interest rates could remain elevated for longer.
President Donald Trump stated that the US would not attack Iran before the midterm elections on November 3, 2026, and described negotiations with Tehran as productive. While the statement could ease concerns over further escalation, the maritime blockade and ongoing tensions in the Strait of Hormuz continue to pose significant risks to global energy supply. Oil prices strengthened, with West Texas Intermediate (WTI) rising 3.11% to USD 91.02 per barrel and Brent crude increasing 3.45% to USD 103.65 per barrel, driven by geopolitical risks and potential production disruptions caused by a storm in the Gulf of Mexico.
The US Dollar Index (DXY) declined 0.11% to 102.13 but remained near its highest level since April 2025. Expectations that the Federal Reserve will maintain elevated interest rates for longer, inflation concerns stemming from rising oil prices, and hawkish remarks from Fed officials continued to support the US dollar. Meanwhile, initial US jobless claims fell to 197,000 from 199,000, indicating continued resilience in the labor market and potentially limiting further weakness in the US dollar.
USD/IDR Forecast for Today
IDR 17,870–IDR 17,970 per USD
Indonesia Economic Indicators
| GDP Growth | 5.29% | Q2 2026 |
| BI-Rate | 5.75% | September 2026 |
| Inflation (YoY) | 3.28% | September 2026 |
| Foreign Exchange Reserves | USD 146.3 billion | September 2026 |
Sources: CNBC Indonesia, Trading Economics, Bank Indonesia, Reuters
Closing Exchange Rates
| Currency Pair | Closing Rate | Date |
| USD/IDR | 17,895 | October 8, 2026 |
| JPY/IDR | 113.13 | October 8, 2026 |
| SGD/IDR | 13,966 | October 8, 2026 |
Foreign Currencies Available for Transactions
J Trust Bank – Bank Notes (BN) and Telegraphic Transfers (TT)
| 1 | US Dollar (USD) |
| 2 | Singapore Dollar (SGD) |
| 3 | Japanese Yen (JPY) |
| 4 | Euro (EUR) |
| 5 | Australian Dollar (AUD) |
| 6 | British Pound Sterling (GBP) |
| 7 | Chinese Yuan (CNY) |
| 8 | New Zealand Dollar (NZD) |
| 9 | Hong Kong Dollar (HKD) |
| 10 | South Korean Won (KRW) |
Requirements for Foreign Exchange Transactions Against the Rupiah
- Transactions below the applicable threshold: Customers are required to submit a declaration letter for transactions below the threshold and a copy of their identification document.
- Transactions above the applicable threshold: Customers are required to submit a declaration letter for transactions above the threshold, a copy of the underlying transaction documents, their Taxpayer Identification Number (NPWP), and a copy of their identification document.
Contact J Trust Bank Indonesia Treasury Sales
Telephone: (021) 2926-1114 (hunting)
- Bintang: 0812 2650 949
- Hanif: 0811 8762 001
- Naomi: 0877 0633 1585
- Ade: 0821 6939 7410
Disclaimer:
Although this information has been prepared by PT Bank JTrust Indonesia Tbk (J Trust Bank) using sources believed to be reliable, J Trust Bank makes no representation or warranty, express or implied, as to its accuracy or completeness, and accepts no responsibility for any errors or omissions. The information provided does not constitute a guarantee of future performance and should not be relied upon as such. All information contained herein is subject to change without prior notice. No part of this information may be reproduced in any form without the prior written permission of J Trust Bank.
