Go Finance report - Although thin, the rupiah has a chance to strengthen. Indonesian currency is projected to explore the level of Rp9.030 per USD.
"We expect the rupiah has strengthened slim chance to Rp9.030-Rp9.035 per USD,"said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta, Tuesday (12/21/2010).
He explained that if the WTI oil price increase we still regard as a positive factor in the Asian market are likely to rebound in trading today, including the rupiah. The price of WTI crude oil is still closed up thin to USD88, 81 per barrel.
Earlier, Asian currencies against the dollar again weakened the United States (U.S.), including the rupiah. The rupiah closed at Rp9.048 per USD (Bloomberg middle rate). "The exit of foreign funds from Asia is expected because U.S. economic data further confirmed showing reinforcement," he added.
Meanwhile, according to the prevailing Bank Indonesia (BI) weakened to Rp9.045 per USD, compared with trading over the weekend in Rp9.034 per USD. According yahoofinance, the rupiah was in a position Rp9.046, 5 per USD with a daily trading range in Rp9.035-9061, 5 per USD. (GoFinance)
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