Go Finance Reporting - Rising commodity prices are expected to be positive sentiment that pushed the rupiah has strengthened today.
"The increase in the WTI crude oil prices yesterday to USD90, 3 per barrel could be a positive factor strengthening the market today, including the rupiah,"said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research on Thursday (05/01/2011).
"We expect the rupiah has strengthened the tendency around Rp8.970-Rp8.985 per USD in trading today," he added.
Previously, the rupiah exchange rate relatively stable trading yesterday, closed at Rp.8.983 per USD. Meanwhile, IHSG is still continuing rise, closing at 3783.71, while other Asian indices closed down.
Net foreign buying has shown improvement since the fifth week of December. The market also responded positively BI's decision to maintain the BI rate remained at 6.5 percent.
Meanwhile, according to the prevailing Bank Indonesia (BI) on Wednesday (5/1/2010), the rupiah weakened to a position Rp8.987 per USD compared with the previous trading day which is on Rp8.976 per USD. Meanwhile, according yahoofinance, the rupiah is in a position Rp8.982, 5 per USD, with a range of average daily trading at 0.5 to 8 .997,5 Rp8.972 per USD. (GoFinance)
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