Thursday, February 24, 2011

::Preparation, Rupiah Will Continue Strengthening>>

Go Finance Reporting Jakarta - The positive composite stock price index (IHSG) seems to be a positive sentiment for the rupiah. As a result, the rupiah would be expected to continue strengthening in the trade this time.

"With the positive movement of stock, we projected the rupiah will strengthen and be between, Rp8.825-Rp8.887 per USD," said foreign exchange analyst Tony Mariano, Thursday (02/24/2011).

Tony explains the strengthening of the rupiah was triggered also by the movement of wall street that has the potential to experience correction and movement that mixed Down Jones indirectly will not favorable for the movement of the dollar itself.

As is known, the rupiah, according to the exchange rate of Bank Indonesia (BI) on Wednesday (02/23/2011) close higher to Rp8.857 per USD, compared with the previous period in Rp8.873 per USD.

According yahoofinance, the rupiah also climbed to Rp8.847, 5 per USD with a daily trading range in the 0.5-Rp8 Rp8.847 .875 per USD. (GoFinance)

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