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Tuesday, February 11, 2014

Rupiah strengthened so Rp12.110 per dollar

Rupiah strengthened so Rp12.110 per dollar

 The rupiah traded among banks in Jakarta on Wednesday morning rose , moving up 63 points to Rp12.110 per U.S. dollar from yesterday's final position .

" The rupiah return to continue strengthening in line with the optimistic outlook of the domestic economy and external , " said the Head of Research Investindo Futures Monex , Ariston Tjendra .

According to him , among other positive effects derived from the data of Indonesia's trade balance surplus in December 2013 and the Gross Domestic Product ( GDP ) increased fourth quarter of 2013 that showed favorable economic conditions amid the global economic turmoil .

" Domestic economic data is still the backbone of the domestic financial sector . Amid global economic shocks , Indonesia has a strong economic foundation , " he said .

He hoped China's January trade data can add to the positive sentiment for the domestic financial market .

Sentiment of the United States , according to him , was also quite positive after the head of the Board of Governors of the Federal Reserve Janet Yellen The reiterated that he will continue to run loose monetary policy in order sustain the U.S. economic recovery .

In addition , he added , the United States also approved a proposal to raise the debt limit in order to avoid the threat of default .

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