Go Finance Reporting - The exchange rate is projected would be weakened. The trigger is a decline in prices of some commodities.
"The decline in WTI prices in yesterday's trading could make Asian markets slid again today, including the rupiah. We expect the rupiah weakened likely to range Rp9.060 thin-Rp9.070 per USD,"said analyst Samuel Lana Soelisianingsih Securities Indonesia in Jakarta in his research , On Wednesday (01/19/2011).
Previously, the rupiah closed stronger but still within the range of stable. Rupiah closed at Rp9.055 per USD (Bloomberg middle rate) following the strengthening of some other Asian currencies like the won. Meanwhile, WTI crude oil prices fell slightly to USD91, 38 per barrel.
Meanwhile, according to the prevailing Bank Indonesia (BI), is on Rp9.065 rupiah per USD, same as the previous day's trading that also exist in the same position. But, according to yahoofinance, is on the level Rp9.057 rupiah per USD, with an average trading range of 0.5-Rp9 Rp9.57 .083,5 per USD.
The dollar also appears to weaken over other currencies. The euro rose to 1.3382 per USD, as well as the yen rose to 82.515 per U.S. dollar. (GoFinance)
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