Go Finance Reporting in JAKARTA - The rupiah exchange rate to move lower amid dollar exchange rate movements the United States (U.S.), which tend to move a number of currencies mixed against other countries.
Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (03/28/2011) moves to weaken to Rp8.718 per USD compared to the previous day's trading at Rp8.708 per USD. Meanwhile, according yahoofinance, the rupiah was parked in Rp8.712, 5 per USD with a daily trading range of 0.5 to 8 .722,5 Rp8.705 per USD.
Right now the U.S. dollar exchange rate moves mixed on a number of major world currencies. The euro weakened to 1.4065 per USD, the yen rose to 81.7650 per USD and pound weakened to 1.5970 per U.S. dollar.
Indonesian Securities analyst Samuel Lana Soelistianingsih in his research to explain that this is due to the regular press conference in 2011, is to increase the transparency of Fed policy.
The first press conference will be conducted after the FOMC meeting 26-27 April. On occasion, the Fed will deliver a step further policy of quantitative easing post-II worth $ 600 billion is estimated to be completed next June.
Habits held a press conference after a meeting of the central bank has never been done before by the Fed, but usually done by the central bank of the European Union, Japan, Canada and the UK. Usually the Fed deliver testimony to Congress and a special interview. This press conference will be a moment awaited by global market participants related to the U.S. and global economy forward. (GoFinance)
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