Go Finance Reporting in Jakarta - The rupiah exchange rate moves to strengthen the dollar because the United States (U.S.) weakened. Rupiah finally parked at the level of Rp8.857 per USD.
Amount, 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.
In addition to dollars, other currencies seem to be rallying for the United States dollar (U.S.). The euro rose to 1.3722 per USD, as well as the yen rose to 82.685 per U.S. dollar. Pounds also rose to 1.621 per U.S. dollar.
In fact, analyst Samuel Securities Indonesia Soelistianingsih Lana said if the dollar is now in a stronger trend. U.S. dollar strengthened followed by weakness in the stock and bond markets in the global market. In addition, rising crude oil prices will be followed by rising food prices are increasingly worrying.
This is because the crisis of Libya is reported to have killed more than 500 demonstrators. Gaddafi did not budge and further strengthen its position by means of violence. Libyan crisis is feared spread to other countries particularly to Saudi Arabia. Saudi Arabia and Libya is a member of OPEC crude oil production and the second largest.
Not just in the Middle East region, is also worried the crisis spread to China along with starting the small riots in Shanghai at the end of last week. (GoFinance)
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