Global Risks
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Rupiah nears Rp 17,000 per US dollar amid global pressures
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The rupiah exchange rate weakened toward Rp 17,000 per US dollar on January 21, 2026, driven by global and domestic pressures. Economist Josua Pardede stressed the need for fiscal policy certainty to restore market confidence. Meanwhile, the IHSG opened lower amid rising external risks.
Ernesto O’Farrill Santoscoy, president of Bursamétrica and columnist for El Financiero, outlines 10 unpredictable events that could negatively affect Mexico and the world in 2026, termed black swans.