Go Finance Reporting JAKARTA - The rupiah strengthened against the dollar this time the United States (USA) trailed the value of a strong yen. In contrast, the U.S. dollar looks weak on a number of other world major currencies after the tsunami in Japan.
The rupiah exchange rate according to the exchange rate of Bank Indonesia (BI) on Monday (03/14/2011) rose to Rp8.771 per USD compared with the trade over the weekend in Rp8.784 per USD.
Meanwhile, according yahoofinance, the rupiah also climbed to Rp8.762 per USD with a range of trade-Rp8 Rp8,762,5 .782,5 per USD. The dollar also weakened against the euro seemed to 1.3946 per USD, and the pound also gained on the dollar to 1.6098 per U.S. dollar. While the yen strengthened against the dollar to 81.935 per U.S. dollar.
Indonesian Securities analyst Samuel Lana Soelistianingsih explain if the tsunami that struck Japan will make Japanese investors, especially the government will attract investment (liquidity) it abroad.
Investors and the Japanese government has a substantial asset placement on T-Bills
and U.S. T-bonds. It is estimated that Japanese ownership in U.S. dollar assets has reached USD882, 3 billion, 20 percent of the total outstanding U.S. bonds held by non U.S. residents as of December 30, 2010. The estimate makes the yen rose 1.4 percent to 81.84 per dollar. (GoFinance)
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