{"id":15648,"date":"2025-04-23T12:49:13","date_gmt":"2025-04-23T04:49:13","guid":{"rendered":"https:\/\/saham.search.web.id\/indeks-dolar-as-dxy-turun-dampak-dan-prediksi-ke-depan\/"},"modified":"2025-06-10T07:26:52","modified_gmt":"2025-06-10T07:26:52","slug":"indeks-dolar-as-dxy-turun-dampak-dan-prediksi-ke-depan","status":"publish","type":"post","link":"https:\/\/search.web.id\/digest\/indeks-dolar-as-dxy-turun-dampak-dan-prediksi-ke-depan\/","title":{"rendered":"US Dollar Index DXY Falls: Impact and Future Predictions"},"content":{"rendered":"

The US Dollar Index (DXY)<\/strong> is in a fairly significant downtrend, with a decline of -1.8% WoW<\/strong>. Today, Tuesday (22\/4), DXY was recorded at the level of 98.36<\/strong>, after having plunged to its lowest level since March 2022, namely 97.93<\/strong> on Monday (21\/4). Since the beginning of the year, the index has weakened by around -9.3% YTD<\/strong>.<\/p>\n

Causes of DXY Decline<\/h2>\n

This decline indicates an exit from investors from the US market. There are several factors contributing to the decline in the DXY, such as heightened tensions in the trade war, as well as fears of an economic recession. This is exacerbated by concerns about the Federal Reserve’s diminishing independence<\/strong>, amid plans by US President Donald Trump, who is considering the possibility of firing<\/em> Fed Chairman Jerome Powell due to differences of opinion on interest rate policy.<\/p>\n

In November 2024, Powell confirmed that he would not step down until his term ends in May 2026. According to him, the potential for dismissal by Trump will not be in accordance with existing regulations.<\/p>\n

Gold Continues Uptrend<\/h2>\n

Amid the weakening DXY, gold prices continued to slide upwards, reaching an all-time high<\/em><\/strong> of $3,499 per troy ounce<\/strong> in intraday<\/em> trading today. On Monday (21\/4), gold prices in the spot market closed up +3.28%<\/strong> at the level of 3,423 US dollars,<\/strong> shooting up to +28.8% YTD<\/strong>. Investors’ decision to shift their funds to gold was seen as currencies such as the yen, euro and pound strengthened, which rose by +12.1%,<\/strong> +11%<\/strong> and +6.8% YTD<\/strong> respectively.<\/p>\n

Rupiah Exchange Rate Against US Dollar<\/h2>\n

Meanwhile, the rupiah exchange rate<\/strong> has weakened by -4.7% YTD<\/strong> against the US dollar, reaching 16,855<\/strong> as of today. Although it strengthened slightly from its low of 16,957<\/strong> on April 9, 2025, the rupiah’s depreciation made it one of the worst-performing emerging market currencies this year.<\/p>\n

According to a report from Bloomberg<\/a>, MUFG Bank Ltd. estimates that the rupiah will still weaken to 17,100<\/strong> against the US dollar in the coming months. Barclays Bank plc also projects the rupiah exchange rate to reach 17,200<\/strong> in the first quarter of 2026, assuming there is still intervention from Bank Indonesia.<\/p>\n

Analysis and Prediction<\/h2>\n

Investors<\/strong> will most likely continue to move their funds to commodities such as gold, given the growing economic uncertainty. Goldman Sachs has even raised its gold price projection at the end of 2025 to $3,700 per troy ounce<\/strong>. On the other hand, Bank Indonesia is likely to hold interest rates from being too high, with some economists expecting a BI Rate cut in the next few months.<\/p>\n

With uncertain market conditions, of course we all wonder: How will the policies of the government and Bank Indonesia affect our domestic economic conditions in the future? While waiting for further news, it is important that we continue to follow these developments.<\/p>\n

Conclusion<\/h2>\n

Overall, the continued decline in the DXY signals a shift of investors’ attention to more stable assets, such as gold. Although the rupiah rate is facing pressure, a wise policy response from Bank Indonesia can help mitigate the negative impact and maintain Indonesia’s economic stability going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"

The US Dollar Index (DXY) is in a fairly significant downtrend, with a decline of -1.8% WoW. Today, Tuesday (22\/4), DXY was recorded at the level of 98.36, after having plunged to its lowest level since March 2022, namely 97.93 on Monday (21\/4). Since the beginning of the year, the index has weakened by around […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[985],"tags":[],"class_list":["post-15648","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/posts\/15648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/comments?post=15648"}],"version-history":[{"count":1,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/posts\/15648\/revisions"}],"predecessor-version":[{"id":16418,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/posts\/15648\/revisions\/16418"}],"wp:attachment":[{"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/media?parent=15648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/categories?post=15648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/search.web.id\/digest\/wp-json\/wp\/v2\/tags?post=15648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}