Go Finance Reporting - The positive economics United States (U.S.) seemed to make the U.S. dollar strengthened. As a result, the rupiah weakened monitored.
Rupiah, in trading on Monday (12/20/2010) weakened to Rp9.045 per USD, compared with trading over the weekend in Rp9.034 per USD.
According yahoo finance, the rupiah was in a position Rp9.046, 5 per USD with a daily trading range in Rp9.035-9061, 5 per USD. Together with the weakening rupiah, the euro also weakened by in level of 1.316 per USD, but still looks stronger yen against the dollar to 83.875 per U.S. dollar.
Indonesian Securities analyst Samuel Soelistianingsih Lana said if consumer and business spending in November in the U.S. are expected to rise. Bloomberg survey for consumer spending in November is expected to rise 0.5 percent mom, mom from 0.4 percent in October last.
At the same time demand for durable goods, excluding cars and aircraft, rose 0.2 percent mom. People's income is also expected to rise 0.2 percent mom, from 0.5 percent mom to the realization last October. Increased consumer confidence followed by rising incomes also make an estimate of Christmas sales in 2010 will be significant.
In addition to increased revenue, operating expenses also increased along with increasing demand for business components. The increase in household consumption and business will make an estimate of economic growth in the fourth quarter to reach 3.5 percent qtq.
While estimates for the third quarter will grow by 2.8 percent qtq, up from 2.5 percent in the second quarter last qtq. Household consumption accounts for about 70 percent of GDP. (GoFinance)
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