!-- Javascript Ad Tag: 6454 -->

Wednesday, February 19, 2014

. Rupiah moved into position Rp11.745 per U.S. dollar



. Rupiah moved into position Rp11.745 per U.S. dollar


The rupiah traded among banks in Jakarta on Thursday morning , moving higher by 18 points compared to the previous position Rp11.745 Rp11.763 per U.S. dollar .

Money market analyst of PT Bank Civil Society , Rully Nova on Thursday said the domestic currency tends to bounce back despite limited after the Fed signaled to continue trimming its financial stimulus although some weakening U.S. economic data .

In addition , he said , the trend of the domestic currency is still in positive territory in accordance with Indonesia's economic fundamentals are improving.

Meanwhile , an analyst at Monex Investindo Futures , Zulfirman Basir said the fall in China's manufacturing activity also can restrain the rate of the rupiah continued to rise higher , considering China is one of Indonesia's major trading partners .

" China is slowing activity can interfere with the performance of Indonesia 's balance sheet , " he said .

He projected the exchange rate on Thursday it will move in the range of Rp11.675 - Rp11.890 per U.S. dollar .

No comments:

Post a Comment