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Tuesday, January 7, 2014

Rupiah strengthens to Rp12.200 morning


Rupiah strengthens to Rp12.200 morning

The rupiah traded among banks in Jakarta on Wednesday gained 62 points to Rp12.200 than ever in a position Rp12.262 per U.S. dollar .

" The dominance of the U.S. dollar eased to respond to the slowing U.S. manufacturing data , " said the Head of Research of the Trust Securities , Reza Priyambada on Wednesday .

But on the other hand , he added , the data showed U.S. factory orders rise so that the sentiments of the domestic foreign exchange market is quite varied .

"In addition , the rupiah will also affected the sentiment of fear reduction in the U.S. fiscal stimulus in the form of quantitative easing ( QE ) which will be held this month , " he said .

Analysts Futures Monex Investindo , Ariston Tjendra add data the U.S. trade deficit is shrinking and its economic growth forecast for the fourth quarter to put a halt to the domestic currency .

" The U.S. trade deficit shrank in November as exports increased and the easing of U.S. import growth , " he said .

He added that the rupiah was also limited ahead of the publication of the Federal Open Market Committee meeting ( FOMC ) on Wednesday U.S. time , investors will keep a close watch on how aggressive the Fed 's policy .

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