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Golden Ten Data reported on June 18 that analysts from DBS Group stated in a report that the valuation of the Indonesian stock market is expected to be supported by the stabilization of the Indonesian Rupiah, as the exchange rate is a key factor influencing market sentiment. They noted that concerns about a narrowing trade surplus, high oil prices, and Indonesia's new export plans have put pressure on both the Rupiah and the stock market. DBS Group believes that lower oil prices, easing geopolitical tensions, and policy support from the Bank of Indonesia may help stabilize the Rupiah. Meanwhile, the group has lowered its forecast for the Jakarta Composite Index at the end of 2026 from 9,500 to 8,000, citing uncertainties arising from a weaker Rupiah.

Malaysian palm oil futures halt gains and pull back; US-Iran agreement triggers a “domino effect.” Can expectations of future production cuts save the current trend?

Foresight News reported that crypto financial infrastructure provider Cycles announced on Twitter that its payment application Cycles Pay and institutional clearing product Cycles Prime will migrate to Circle's newly launched L1 blockchain, Arc. Cycles stated that the main reasons for choosing Arc include sub-second block times, high throughput of over 3,000 TPS, native USDC ecosystem support, and a protocol-integrated privacy roadmap. The company plans to deploy production-grade products on the very first day the Arc mainnet goes live. Currently, Cycles Pay has launched on the Neutron testnet, receiving around 20,000 email registrations and 3,500 wallets, with about 20 enterprises already using it in private testing.