The rupiah traded among banks in Jakarta on Tuesday morning rose 10 points to Rp11.358 per U.S. dollar from its previous position Rp11.368 per U.S. dollar .
Head of Research at Trust Securities Priyambada Reza said the exchange rate gets positive sentiment of market participants in response to the readiness of the government and Bank Indonesia ( BI ) monetary policy facing the United States Federal Reserve .
" The Fed plans to raise interest rates after the reduction is complete financial stimulus . Conditions that could destabilize the rupiah , but the government and the central bank expressed its readiness to face it , " he said .
According to him , the increase in the exchange rate is also associated with market expectations about the possibility of foul after the Chinese manufacturing index fell .
" Domestic financial markets welcomed the possibility that , seen the yuan also rose , " he said .
While Head of Research Futures Monex Investindo Ariston Tjendra said the U.S. dollar is likely to weaken against most world currencies after U.S. manufacturing data slowed .
" The slowdown in U.S. manufacturing data that complement manufacturing data throttling Euro countries , " he said .
Stock price index in Indonesia Stock Exchange ( IDX ) on Tuesday opened down 14.17 points, or 0.30 percent, to 4706.26 .
The index of 45 leading shares ( LQ45 ) fell 3.67 points ( 0.46 percent ) to a level of 788.46 .
" Asian markets , including the Stock Exchange Composite Index , tend to move lower this morning along with negative sentiment from poor manufacturing index data in some developed countries ranging from China , Germany , United States , and the European Union , " said analyst Samuel Securities , Yualdo Yudoprawiro .
The movement of the market , he said , also overshadowed concerns of a potential slowdown in the Russian economy due to sanctions and embargoes after annexation over the Crimea .
" Currently there is no sentiment strong enough to move the market into positive territory , " he said .
While Team Technical Analyst Mandiri Securities in a study stating that technically, the potential for strengthening the BEI index still exists if the index does not penetrate the lower limit level at 4,700 points .
" In the stochastic BEI index still has the potential to move mixed up on Tuesday to test the level of the upper limit at 4,733 points , " said Tim Self .
On the other hand , in their opinion , investors are also awaiting the release of Indonesian economic data that will be announced next week .
In regional markets , the Hang Seng index fell 64.07 points ( 0.29 percent) to 21782.38 , the Nikkei index fell 86.57 points ( 0.60 percent) to 14,389.60 , and the Straits Times fell 6.35 points ( 0.20 percent ) to 3105.62 position .
No comments:
Post a Comment