The Indonesian rupiah traded near 18,100 per U.S. dollar Monday while oil prices fell, a development relevant to a country whose net oil imports expose its finances to changes in crude prices.
ANTARA reported an opening rate of 18,095 rupiah per dollar, compared with 18,089 at Friday's close. A report FXStreet published at 3:46 a.m. ET (08:46 UTC) later quoted the rate at about 18,100. Both snapshots showed the rupiah weaker against the dollar than at Friday's close; neither establishes its direction for the full session.
The International Monetary Fund (IMF) says Indonesia buys more oil from abroad than it sells, leaving its external accounts and public finances vulnerable to higher crude prices. BPS-Statistics Indonesia reported a $21.29 billion oil-and-gas trade deficit for January through August 2026. Lower oil prices could ease that pressure, although the reported prices do not establish what drove Monday's currency trading.
Brent crude was down 1.5% at $96.91 a barrel at 1:29 a.m. ET (06:29 UTC), Reuters reported. It said Brent had fallen 16% the previous week, its largest weekly drop since the COVID-19 pandemic began. U.S. President Donald Trump told CNN that further U.S. strikes on Iran were highly unlikely if talks progressed. Reuters said both governments reported ships struck around the Strait of Hormuz.
Bank Indonesia said official reserves rose to $146.8 billion at the end of October from $146.3 billion a month earlier. The central bank cited government foreign-loan withdrawals and tax and services receipts, alongside external-debt repayments and its policy to stabilize the rupiah. In October, it kept its policy rate at 5.75% and expanded rupiah support measures.
The U.S. Bureau of Labor Statistics (BLS) reported 165,000 additional payroll jobs in October and a 4.1% unemployment rate. It revised September's payroll gain upward to 60,000. The BLS is scheduled to release its October consumer price index Tuesday, Nov. 10, at 8:30 a.m. ET (13:30 UTC).
