Go Finance Reporting in JAKARTA - The United States dollar (U.S.) again moved to strengthen due to fears and worries about the dangers of radiation from an exploding nuclear reactor in Fukushima. As a result, the rupiah again be weakened.
Amount, according to the exchange rate of Bank Indonesia (BI) Wednesday, (03/16/2011) weakened to Rp8.780 per USD compared with the previous period in the first track Rp8.773 per USD.
Meanwhile, according yahoofinance, the rupiah weakened to Rp8.777, 5 per USD with a daily trading range from 0.5 to 8 .797,5 Rp8.772 per USD. Exchange rates are also looking eroded the U.S. dollar. The euro weakened to 1.3972 per U.S. dollar.
Indonesian Securities analyst Samuel Lana Soelistianingsih in his research said that concerns about the dangers of radiation from an exploding nuclear reactor in Fukushima it will interfere with investor confidence in trading today.
In addition, crude oil prices fell sharply in the last five months in line with the expected decrease in energy demand from Japan. Japan is the third largest energy consumer in the world after China and the United States with a consumption of 5.2 percent of world consumption.
Japan's crude oil is usually imported from Indonesia and the Middle East. When crude oil prices in the last two months continue to increase due to tensions in North Africa, the earthquake in Japan to be an imbalance that inhibits the increase. WTI oil prices fell sharply, back below USD100 per barrel. This decrease also had made the market panic. (GoFinance)
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