Go Finance report - After the movement of dollars in trading yesterday tracked down, today the rupiah again triumphed despite slim gains.
Amount based on the exchange rate of Bank Indonesia (BI), Thursday (09/12/2010) afternoon Rp9.011 per USD closed lower. While based on yahoofinance, the rupiah closed Rp9.027, 5 with a range of Rp9.012-Rp9.027 per USD.
While the movement of the dollar against the euro weakened 0.34 percent recorded to 1.3218 per U.S. dollar. While the Japanese yen against foreign currencies tracked down 0.095 cent to 83.96 per USD.
As is known, ahead of the end of the movement of dollars seems a little bit "off track" alias weakened. Although trading closed lower yesterday, today predicted the rupiah will strengthen.
"The strengthening will continue in the range of Rp8.995-Rp9.000 per USD. The fall in crude oil prices which could have a negative impact on Asian markets including the rupiah," said Samuel Securities analyst Lana Soelistianingsih, in the newsletter.
At the same time, Bank Indonesia (BI) to intervene to keep the rupiah stabilized above Rp9.000 per USD by the end of the remaining approximately 10 working days again. "So the rupiah to a level difficult to bounce back Rp8.990 as we previously forecast," he said. (GoFinance)
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