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Friday, June 14, 2013

Durability Exam rupiah against foreign currencies, especially the U.S. dollar, will continue to be tested, Thursday (13/06/2013). Although still able to continue to survive in the range of USD 9800's, the rupiah against the U.S. dollar is still considered vulnerable to "qualify" at Rp 10,000 per U.S. dollar.


Durability Exam rupiah against foreign curr
encies, especially the U.S. dollar, will continue to be tested, Thursday (13/06/2013). Although still able to continue to survive in the range of USD 9800's, the rupiah against the U.S. dollar is still considered vulnerable to "qualify" at Rp 10,000 per U.S. dollar.

Bank Indonesia efforts to bring under Rp 9,900 rupiah per U.S. dollar is still underway. At the close of trading yesterday, the rupiah stood at Rp 9,861 per U.S. dollar, according to Bloomberg median rate. BI intervention managed to bring the value of the rupiah strengthened from the previous trading day, amid a weakening Asian currencies. Strengthening exchanges also occurred in Indonesia. The index closed up 4697.88 (1.9 percent) when most of the Asian markets fell.

Meanwhile, the weakening also occurs in the U.S. and European markets overnight. 10-year bond yield rose to 2.219 percent. However, the index still recorded negative Asian futures. This is according to economist Samuel Securities Indonesia, Lana Soelistianingsih, possible consequences ongoing correction in the Asian market.

About the exchange rate, Lana said, his position is still vulnerable. Although the rupiah can be covered under Rp 9,900 per U.S. dollar, but still traded in a daily trading above USD 10,000 per U.S. dollar. "Still at the level of cartilage that is troubling," he said.

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