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Tuesday, February 18, 2014

Rupiah rose to Rp11.805 per dollar



Rupiah rose to Rp11.805 per dollar


 The rupiah exchange rate in the interbank transactions in Jakarta on Wednesday moved up 68 points to Rp11.805 per U.S. dollar from the last position before Rp11.873 per U.S. dollar .

Head of Research at Monex Investindo Ariston Tjendra said the U.S. dollar is likely to weaken against most world currencies , including dollars , ahead of the meeting of the Federal Open Market Committee ( The Federal Open Market Committee / FOMC ) .

" The results of the FOMC meeting will be released this Thursday , the expected positive sentiment towards emerging currencies , " he said .

He said the global financial markets await the outcome of the FOMC meeting to find out the debate in the decision making the reduction of stimulus The Federal Reserve United States .

" If the Fed is worried about a low inflation rate and decrease the false rate of unemployment , the Fed certainly will not aggressively continue its tapering . And this could push the U.S. dollar lower , " he said .

From within the country , he added , Indonesia's economic data was released in early February still had a positive impact on the domestic financial markets positively .

" It still can be a good factor for the rupiah. Rupiah is likely to trade in the range of Rp11.760 - Rp11.890 per U.S. dollar today , " he said .

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