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Tuesday, January 14, 2014

Wednesday morning Rupiah stabilized in position Rp11.990



Wednesday morning Rupiah stabilized in position Rp11.990

The rupiah traded among banks in Jakarta on Wednesday morning are steady in position Rp11.990 per U.S. dollar sentiment still respond positively domestic economic data .

" The pace of dollars potentially bounce back after many market participants still respond to positive sentiment among foreign reserves rise preaching optimism in ASEAN countries , including Indonesia, which has increased , " said the Head of Research at Trust Securities , Reza Priyambada on Wednesday .

He argues , the position at end December 2013 Indonesia 's foreign exchange reserves amounted to 99.4 billion U.S. dollars , an increase of $ 2.4 billion compared to the end of November 2013 amounted to 97 billion U.S. dollars .

He added that the potential strengthening of the rupiah can be supported by the weakening of the data so that the addition of the U.S. labor market expects that the implementation of the reduction of financial stimulus the U.S. central bank ( the Fed ) would not aggressive .

Bank Money Market Analyst , Ruly Wisnubroto Arya said that Bank Indonesia is optimistic that it will penetrate the foreign exchange reserves of 100 billion U.S. dollars augment investor confidence in the domestic economy .

Of external , he added , the addition of data the U.S. workforce that does not comply with the expectations of a reduction would make the implementation of the financial stimulus the Fed will not be aggressive .

According Ruly , the sentiment of external and domestic still attraction , expected positive sentiment for the domestic currency money more dominant .

" This week , the rupiah is expected to move in the range of Rp11.723 - Rp12.132 per U.S. dollar

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