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Sunday, January 19, 2014

Rp12.080 rupiah per U.S. dollar on Monday morning



 Rp12.080 rupiah per U.S. dollar on Monday morning


The rupiah traded among banks in Jakarta on Monday morning yet in a position to move its value Rp12.080 per U.S. dollar .

" Rupiah currency tends to remain stable despite U.S. economic data overshadowed positive inclined , " said the Head of Research Investindo Futures Monex , Ariston Tjendra on Monday .

He added that the U.S. economic recovery makes speculation the U.S. Federal Reserve ( the Fed ) will continue the reduction of financial stimulus .

" Market participants are more inclined to expectations that the Fed will reduce the stimulus , and it can support the strengthening of the U.S. dollar , " he said .

He said , the U.S. dollar index is still potentially survive in the area following a positive outlook for Chinese economic slowdown , triggering demand for the U.S. dollar as a safe haven .

Head of Research at Trust Securities , Reza Priyambada add U.S. jobless claims data showed the U.S. economy fell back tends to recover so vulnerable rupiah slid back .

From within the country , he added , inflation expectations are high this year again shadowing the exchange rate movements .

However, Reza said , optimism rise in foreign exchange reserves in the ASEAN countries , including Indonesia, are expected to be able to withstand more pressure on the domestic currency .

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