Rupiah leads Asian currency losses with 0.84 per cent fall
Vietnam’s dong was the only gainer among 10 monitored currencies, while markets put a 73 per cent probability on the Fed holding rates in October.
Indonesia’s rupiah fell 0.84 per cent to Rp18,070 against the US dollar on 16 October 2026, recording the steepest decline among 10 Asian currencies tracked in Refinitiv data at 09:20 WIB.
Eight of the currencies weakened, while Vietnam’s dong rose 0.05 per cent and China’s yuan was unchanged. The Taiwan dollar dropped 0.40 per cent and South Korea’s won lost 0.29 per cent.
Elsewhere in Southeast Asia, Thailand’s baht declined 0.09 per cent, the Singapore dollar slipped 0.06 per cent, the Philippine peso fell 0.03 per cent and Malaysia’s ringgit eased 0.02 per cent. Japan’s yen was down 0.01 per cent.
The regional declines came despite a modest retreat in the US dollar index, which fell 0.03 per cent to 102.027. The index remained above 102 after recently touching an 18-month high.
CME FedWatch put the probability of the Federal Reserve leaving interest rates unchanged at its October meeting at 73 per cent, compared with 53 per cent a month earlier. Fed officials Michelle Bowman and Mary Daly had said the central bank could await a clearer economic picture before its 27–28 October meeting.
