Rupiah Dips as Strong US Economic Data Bolsters the Greenback

RRI.CO.ID, Jakarta - The Indonesian Rupiah weakened in Thursday morning’s opening trade, February 5, 2026, slipping 28 points or 0.17 percent to IDR 16,805 per US Dollar, down from its previous close of IDR 16,777.

Rully Nova, an analyst at Bank Woori Saudara, said the decline was primarily driven by a surge in the U.S. dollar index following strong U.S. economic data. 

“The rupiah is expected to weaken in today’s trading to around IDR 16,770–IDR 16,820 per US Dollar, influenced by the strengthening of the global dollar index in line with strong US economic data,” Rully said in Jakarta on Thursday, as quoted by Antara.

Data from ADP showed that private non-farm payrolls in the US grew by 22,000 in January 2026. Although the figure was below market expectations of 46,000, the overall strength of the US economy continues to support upward momentum for the dollar. 

This follows a cooling trend in 2025, when employers added 398,000 jobs compared with 771,000 in 2024.

Domestically, the market remains in a holding pattern as investors await the release of Indonesia’s 2025 economic growth figures from the Central Bureau of Statistics (BPS). “Market players are still awaiting the economic growth data that will be announced by BPS this afternoon,” Rully added, noting that the announcement will be critical in determining the Rupiah’s direction for the remainder of the week. ***