The Indonesian rupiah weakened toward 16,730 per dollar on Wednesday, down for the third straight session as the U.S. dollar index held above 100, its highest level since May. The greenback remained firm amid speculation that the Federal Reserve may keep rates unchanged in December after signaling caution toward further easing. Domestically, Bank Indonesia Governor Perry Warjiyo said there remains room for a future rate cut, with the central bank expected to lower its benchmark rate by another 50 basis points by the end of March 2026. This follows a pause in October after cumulative cuts of 150 basis points since September 2024. On the data front, Indonesia’s economy expanded 5.04% yoy in Q3 2025, slightly slower than 5.12% in Q2, the fastest pace in two years, as the effects of U.S. trade policies began to weigh on activity. Quarter-on-quarter, growth eased to 1.43% from a 4.04% surge in Q2, the strongest expansion in nearly five years.