U.S. Dollar Still Down at Rp 12,000

Exchange rate of rupiah against the U.S. dollar in the spot market antarbank Jakarta, Thursday (12 / 3) afternoon down, but its position is still below the number Rp 12,000 per U.S. dollar, because the market pressure is reduced,

The rupiah against the U.S. dollar down 10 points to Rp 11.980/11.997 per dollar compared to the previous day closing 11.970/11.980 Rp.

PT Bank forex analyst Himpunan Saudara Tbk, Rully Nova in Jakarta, said the position of the dollar figures are still under Rp 12,000 per dollar indicates that Bank Indonesia (BI) remain in the market observe the activities of currency trading. "BI actively in the market resulted in the exchange rate of rupiah stays below Rp 12,000 per dollar," he said.

According to him, the price correction is happening to the dollar is considered reasonable, after two days ago to increase, due to entry of foreign funds from the Middle East, Qtel. "We estimate the dollar can still rise on the move today, but the action offshore rupiah after the market opened," he said.

Rupiah, he took on the establishment of the market menguat 40 points to Rp 11,930 per dollar, but that position does not survive long, because the actors do the action offshore currency of Indonesia. "As a result, the price correction to occur so that the rupiah currency is the local terpuruk to 13 points," he said.

Such as market conditions, according to him will be able to continue so that opportunities for the rupiah again menguat quite large. "We are optimistic on the dollar will be up high, let alone the issue of positive internal such as Indonesia have also obtained a loan from the World Bank," he said.

Moreover, according to him, the Indonesian economy can still grow even better than other Asian countries, because of the security market stability and foreign investment that are still happening. "Because India is the opportunity to grow is still big enough that in turn trigger a strong dollar again," he said

EDJ
source : Ant