Go Finance Reporting - The exchange rate is projected to weaken in the early going again this week, along with the trend of weakening commodity prices.
"The decline in WTI oil price at the close of last week will make the Asian market will still be corrected including the rupiah," said analyst Samuel Lana Soelistianingsih Securities Indonesia in his research in Jakarta on Monday (1/24/2011).
Lana estimate likely rupiah weakened to a range of thin-Rp9.070 Rp9.065 per USD.
At the close of trading last week, on Friday (01/21/2011), exchange rate relatively stable in R.9.063 per USD. Based on the exchange rate of Bank Indonesia (BI), the rupiah in late trading Juma (01/21/2011) are in a position Rp9.075 per USD, weaker than the previous day in Rp9.068 per USD.
Meanwhile, according yahoofinance, the rupiah is on the level of Rp9.087, 5 per USD. With a daily trading range is 0.5 to 9 .102,5 Rp9.087 per USD.
Other Asian currencies tend to weaken against the USD. While the index in most of Asia still continued weakening of the stock, including stock index closed down to 3379.54. Meanwhile, the price of WTI crude oil, closed back down to USD87, 96 per barrel. (GoFinance)
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