Go Finance Reporting - Rupiah weakened the days monitored. Today is just the position of Indonesian currency exchange rate is perilously close to Rp9.100 per USD when compared to the past who just barely reached Rp9.050 per USD.
In trading Tuesday (01/11/2011), according rupiah exchange rate of Bank Indonesia (BI) weakened the position of Rp9.088 per USD, when compared to the previous period in Rp9.026 per USD.
Meanwhile, according yahoofinance, the rupiah even be in position Rp9.067, 5 per USD, with daily trading range in Rp9.050-Rp9.117, 5 per USD. On the other hand, the United States dollar exchange rate also appear to weaken over the world's major currencies. The euro weakened to $ 1, 2946 per U.S. dollar. While the yen actually strengthened to 83.05 per USD.
Previously, the rupiah strengthened predicted if the selling pressure eased. In addition, WTI oil prices will help a little sentiment in Asian markets including the rupiah.
Although most other Asian markets also came under pressure, but the Indonesian stock market got the greatest pressure. The decrease was a result of indiscriminate selling by foreign investors who have obtained a ytd gain of about 40 percent last year.
The issue of inflation and fears of rising interest rates became the main reason, although these concerns tend to be excessive given the level of inflation in Indonesia is not currently in a state of hyper inflation. Meanwhile, WTI crude oil prices slightly rose to USD89, 25 per barrel. (GoFinance)
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