Go Finance Reporting in JAKARTA - The rupiah continued to strengthen thin early trading. Rupiah strengthened to follow some other Asian currencies.
Based on the exchange rate of Bank Indonesia (BI) dollars in trading on Wednesday (03/09/2011) closed rose five points to the position Rp8.784 per USD, compared to previous trading Tuesday Rp8.789 per USD.
Limited movement of the rupiah which is a representation of the improved economic situation of America and Europe. Where when the currency is getting better, then Uncle Sam's dollar became no longer attractive. Because investors tend to invest in emerging market currencies, where interest rates are likely to value a large and profitable for investors.
Meanwhile, crude oil prices decline. 62 cents to the position of USD104, 4 per barrel on the board of trade in Singapore. (GoFinance)
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