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Monday, January 6, 2014

Morning rupiah weakened to Rp12.200



Morning rupiah weakened to Rp12.200


The rupiah traded among banks in Jakarta on Tuesday morning fell by 21 points to Rp12.200 than ever in a position Rp12.179 per U.S. dollar .

Trust Securities, Head of Research , Reza Priyambada on Tuesday said that the rate of the rupiah depressed after market players prefer the safe-haven currencies like the Japanese yen and the U.S. dollar responds to slowing manufacturing activity in China .

" The rate of rise in safe-haven currencies continue to appreciate compared to other currencies , " he said .

He said there is positive news that the European Central Bank ( ECB ) indicated will not ease policy further in the near future pushing the euro strengthened , that condition is expected to bring a positive sentiment for the rupiah .

From within the country , Reza added that a stable economy can withstand the Indonesian rupiah correction deeper .

Head of Research Investindo Futures Monex , Ariston Tjendra adding the rupiah against the U.S. dollar this week, following a fairly stable market players still appreciate the Indonesian economic data such as inflation and trade balance surplus .

" Inflation is under control , the domestic economy is also predicted to continue to grow in the future , " he said ,

He projected rupiah will this week move in the range of Rp12.030 - Rp12.270 per U.S. dollar .

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