So I see that USD/IDR has broken through the all-time high level this week, reaching the range of 17,185-17,190. The rupiah continues to weaken significantly, mostly due to geopolitical tensions in the Middle East that cause investors to flee to USD and safer assets. Indonesia depends on oil imports, so rising energy prices directly impact our economic cost structure. Capital outflows from the bond and equity markets are also a major factor behind this USD/IDR pair increase. But there are some things that could limit further appreciation. The ceasefire between Israel and Lebanon raises hopes for a peace deal, and the possibility of a Fed rate hike slowing down also makes USD less attractive. So even though USD/IDR looks strong, the momentum might start to slow from here. Definitely worth watching.