Currencies

Traders are most positive on US dollar since February 2025

A worker counts US dollar banknotes at a currency exchange office in Jakarta, Indonesia, on June 8, 2026. Indonesia’s finance and central bank officials said over the weekend they will boost efforts to stabilise the currency and attract inflows after the nation’s stocks tumbled at the fastest pace worldwide last week. Photographer: Dimas Ardian/Bloomberg

Travelling soon? Find out where the Singapore dollar stretches the furthest in Asia

The Singapore dollar’s purchasing power has grown in several regional markets.

Rupiah recovers against Sing$, but analysts say relief may be short-lived

The rupiah, which sank to an all-time low of about 14,135 per Singdollar on June 9, strengthened to around 13,950 per Singdollar on June 11.

Indonesia’s weakening markets and economy have a personality problem – Prabowo’s

Indonesian President Prabowo Subianto needs to assure markets that entrepreneurs and experts, not his old-boy herd, will control the commanding heights of the country's economy, says the writer.

Rupiah slides to new low, putting pressure on Indonesia to deliver concrete steps

Following last week’s sell-off, the rupiah fell 0.7 per cent to a new low against the US dollar in early trading on June 8.

Korean won rises against Singapore dollar after Seoul unveils measures to stem its slide

The won faced mounting pressure partly from foreign investors’ continued selling of Korean equities.

Korean won breaches 1,560 per US dollar for first time since 2009

The won faced mounting pressure partly from foreign investors’ continued selling of Korean equities.

Indonesia finance chief denies he is quitting as markets slump

Talk of Purbaya’s possible departure spread on June 4 amid deepening concerns about the country’s economy and a graft probe involving a free food programme.

News analysis

‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip

Global investors are unnerved by the more populist and interventionist agenda that President Prabowo Subianto has been pursuing.

Rupiah breaches key psychological level as market rout deepens

The rupiah is Asia’s worst-performing currency in 2026, driven by concerns that elevated oil prices will widen Indonesia’s budget deficit through higher energy subsidy costs.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.