The currency lost 12 points against the U.S dollar to a level of 14,630 from 14,618 in the opening interbank transactions, economist of Samuel Sekuritas, Ahmad Mikail, said here on Friday.
Ahmad said the U.S. decision to slap more import tariff of US$200 billion on commodities from China has escalated trade war between the two world`s largest economies.
"The trade war escalation has kept rupiah on weakening trend," he said.
Senior analyst of CSA Research Institue Reza Priyambada said currently positive domestic sentiment was not enough to offset the negative impact of external sentiment.
"The meeting of the Board of Commissioners of the Financial Service Authority (OJK) came to a conclusion that the stability of financial service and financial market liquidity had been well maintained. However, external sentiment from the trade war has greater psychological impact on the market players," Reza said.
Reporting by Zubi Mahrofi
Editing by Albert Saragih, Otniel Tamindael
Reporter: antara
Editor: Heru Purwanto
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