Rupiah moves into position Rp11.387 per dollar , U.S. dollar stable

Rupiah moves into position Rp11.387 per dollar , U.S. dollar stable

 The rupiah exchange rate in the interbank transactions in Jakarta on Tuesday morning to move into position Rp11.387 per U.S. dollar after advancing into Rp11.372 per U.S. dollar yesterday afternoon .

" The rupiah return to continue the good performance . Primary reason for the good performance on the currency Garuda Indonesia is the expectation of economic recovery , " said the Head of Research Investindo Futures Monex , Ariston Tjendra .

The condition , according to him , will make investor confidence in Indonesia remains high and could attract foreign funds into the country .

" Ownership of foreign debt investors also increased to reach about 1.9 billion U.S. dollars this year , " he said .

But he expects the rupiah appreciation will be limited after the data release employment United States (U.S. ) in the last week sustain growth expectations better job .

" Although the U.S. affected the weather is bad, the U.S. economy was still quite strong in February , " he said .

Futures Analyst PT Platon Niaga Lukman Leong added confidence of investors that this year's elections will be conducive also encourage appreciation of the rupiah .

Confidence is good enough , he said , would encourage foreign investment to domestic financial markets .

Fundamentally , he continued , Indonesian economic improvement is also in line with expectations and Indonesia's trade deficit this year will shrink .



 The dollar traded almost unchanged against the euro and the yen on Monday ( Tuesday morning GMT ) , amid renewed concerns about the economy of Japan and China as well as the ongoing tensions in Ukraine .

At 21:00 GMT (Tuesday , 4:00 pm ) the euro was at 1.3875 dollars , compared with 1.3874 dollars late on Friday.

The dollar bought 103.26 yen , up slightly from 103.24 yen , while the euro was at 143.28 yen , compared with 143.31 yen on Friday .

The greenback was flat against the Swiss franc at 0.8777 francs per dollar .

Only the British pound experienced a great changer , fell to 1.6642 dollars from 1.6711 dollars against the greenback .

Previously , a decrease in fourth -quarter growth forecasts Japan , as well as trade and weak inflation data in China , prompting concerns about their ability to help the global economy strengthened .

Japan said its economy grew more slowly in the fourth quarter , 0.2 percent , compared with 0.3 percent previously reported .

While China's official figures released on Saturday ( 8/3 ) shows the second largest economy in the world recorded an unexpected trade deficit of 22.98 billion U.S. dollars in February , as Chinese exports fell 18.1 percent and imports rose 10.1 percent .

That compared to what analysts expect will be a surplus of 11.9 billion U.S. dollars .

Disputes about voting for pemisaham Crimea in Ukraine also left traders cautious AFP .