Rupiah falls 52 points to Rp18.114 after U.S. inflation rises
The 2-year Treasury yield broke above 4.7 percent, while markets priced in a higher chance of a December Fed rate hike.
The rupiah weakened 52 points, or 0.29 percent, to Rp18.114 per U.S. dollar at Wednesday's open, from the previous close of Rp18.062 per U.S. dollar. Pressure came after the U.S. Consumer Price Index for October 2026 showed monthly inflation of 0.4 percent and core inflation of 0.3 percent excluding energy and food. Bank Woori Saudara analyst Rully Nova said the data pushed up the dollar index and U.S. bond yields, then weighed on emerging-market bonds, including Indonesia. After the CPI release, the 2-year Treasury yield jumped about 15 basis points to above 4.7 percent, while the 10-year yield rose to around 4.93 percent. Rully also pointed to domestic sentiment, including political issues tied to calls to impeach Gibran Rakabuming Raka, which he said added to investor concern.