Go Finance Reporting - The exchange rate appears to be moving along with the dollar weakening United States (U.S.), which strengthened. A stronger U.S. dollar is due to positive expectations for the U.S. economy in 2011.
The rupiah, according to the exchange rate of Bank Indonesia (BI) on Monday (1/24/2011) to a position close higher Rp9.059 per USD, compared with last weekend's trade that is in Rp9.075 per USD.
Meanwhile, according yahoofinance, the rupiah is in a position Rp9.077, 5 per USD, with the trading range from 0.5 to 9 .097,5 Rp9.052 per USD. Observed, U.S. dollar also gained on a number of other currencies. The euro weakened to as low as 1.3574 per USD, while the yen weakened to 82.815 per U.S. dollar.
Indonesia Securities analyst Samuel, Lana Soelistianingsih said the U.S. economy in the fourth quarter of 2010 and then grew more rapidly, driven by consumer spending which grew significantly by 5.5 percent in December 2010 and then compared to the previous month (month on month / mom), which is the level the highest in four years.
Government policies such as tax cuts, improving incentives for unemployed people unemployed for a long time, income tax withholding (payroll taxes) equal to two percent. Other data that support is in the business side that showed increased its investment spending, even though home prices are still low.
Exports mainly to China also showed improvement. Demand for durable goods rose 1.5 percent mom in December 2010. U.S. GDP in the fourth quarter of 2010 is estimated to grow 3.5 percent (year on year / yoy) as a result of a Bloomberg survey, well above the growth in the third quarter of 2010 and which reached 2.6 percent yoy.
"With the developments over the U.S. economy is expected to grow faster in 2011, let alone the Fed still has about $ 600 that can still be injected into the market," said Lana in his research. (GoFinance)
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