Morning stronger rupiah 30 Points

JAKARTA, FRIDAY-rupiah exchange rate against the U.S. dollar in the Jakarta interbank spot market, Friday (19/12) morning appreciating 30 points to Rp 10.920/11.000 per U.S. dollar compared to the previous day closing of Rp 10.950/11.050, as the market again to buy rupiah.

Retail Banking Director of PT Bank Mega Tbk, Kostaman Thayib in Jakarta, Friday said, the action buying rupiah in the money market is the main factor that encourages stronger rupiah, but the increase is not large rupiah.

This is because buying interest is still small, they are focusing on the global market, especially in the United States, where governments are trying to reduce the tight liquidity of the market.

Rupiah, he was likely to continue as the market tends to be positive, especially the U.S. dollar weakened against major currencies other Asian.

"The increase in rupiah two days ago also related to the decline in U.S. interest rates to 0.25 percent, down 75 percent from the previous 1 percent," said Kostaman.

Market conditions like this, he said, Bank Indonesia should utilize the momentum with the entry into the market so that the rupiah will rise higher. However, BI has a policy to intervene in the rupiah.

He said, the rupiah, which is below the number of Rp 11,000 per U.S. dollar since three days ago shows the market is still positive movement against the local currency, after the previous slump to reach Rp 12,350 per U.S. dollar.

"We estimate the rupiah in the afternoon will be back stronger, the demand to see the U.S. dollar in the domestic market began to wane," he said.

Rupiah during the week was likely stronger against the U.S. dollar although it is still moving in the range of Rp 10,900 to Rp 11,000 per U.S. dollar.
ono
source: Ant

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

Rupiah Morning Ride 25 Points

Jakarta, (ANTARA News) - The exchange rate of rupiah against the U.S. dollar in the inter-bank spot market, Jakarta Thursday morning rose 25 basis points for each Rp11.175/11.235 into U.S. dollars, compared Rp.11.200/11.225 closing the previous day, as the market began to release the foreign currency.

"However the U.S. dollar offshore action is still relatively small, so the dollar has not increased since the big decline last week so that its position had fallen on the Rp11.000 per U.S. dollars, said Director of Retail Banking of PT Bank Mega Tbk, Kostaman Thayib in Jakarta on Thursday.

Kostaman Thayib, said it improved the rupiah, because the rate is time to find happiness after an increase big enough.

"We estimate the rupiah will return menguat, because the market is concerned global economic growth more difficult after the president elect Barack Obama in his speech does not offend the stimulus package of infrastructure sector," he said.

United States earlier issued a plan to fund the infrastructure sector Stimulus package of 850 billion dollars plus the tax-cutting as much as 300 billion fund and talangan (ballout) of 350 billion.

According to him, the market is concerned with the absence of a statement from Barack Obama the global economic growth will be more serious, because the effort to support the reduction in the global financial crisis increasingly thin. (*)

source : kompas.com
Translate by : Me