The rupiah traded among banks in Jakarta on Tuesday morning moved lower by 26 points to Rp11.710 than ever in a position Rp11.684 per U.S. dollar .
" The strengthening of the rupiah is quite high since last week prompted some market players taking money take a position in the middle of the new lack of positive sentiment , " said analyst at Monex Investindo Futures , Zulfirman Basir on Tuesday .
He added that most of the money market is also being watchful waiting for the Federal Open Market Committee ( FOMC ) this week , is expected to provide guidance for policy further financial stimulus reduction ( tapering off ) that was running the U.S. central bank .
From within the country , he added , some market participants worried about the ban on the export of commodities that will have an impact on Indonesia's trade balance .
" The quality of Indonesia's trade balance improvement would be affected . And of course we also still have the risk of the election , " he said .
Nevertheless , he continued , a series of Indonesian economic data released since the beginning of February , including the trade surplus , rising foreign exchange reserves , gross domestic product ( GDP ), which can withstand the pressure increases still more in dollars .
"The rupiah is likely to trade in the range of Rp11.650 - Rp11.870 per U.S. dollar today , " he said .
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