Go Finance Reporting in JAKARTA - The rupiah strengthened to move almost penetrate the psychological level Rp8.700 per USD. This strengthening of the dollar because the United States (U.S.) looked under pressure and weakened.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (03/29/2011) moves to strengthen to the level Rp8.712 per USD, compared with the previous trading period Rp8.718 per USD.
Meanwhile, according yahoofinance, the rupiah this time is in a position Rp8.703 per USD with a daily trading range in Rp8.702-8718 per USD. In addition to dollars, the other major world currencies also strengthened against the dollar moves. The euro rose to 1.4148 per USD, the yen strengthened and pounds 81.715 per U.S. $ 1.6035 per USD strengthened.
Samuel Analysis Securities Indonesia lana Soelistianingsih explaining consumer spending in the U.S. continues to strengthen. Consumer spending (consumer spending) in the U.S. for February increased 0.7 percent mom above consensus expectations of 0.5 percent in line with increased revenue 0.3 percent seebsar mom and declining unemployment.
At the same time, prices have increased at 1.6 percent yoy in February, up from 1.2 percent yoy in January. Meanwhile, core inflation rose 0.2 percent mom or 0.9 percent yoy in February. The increase in private consumption this gives a positive sentiment since February not including shopping season for U.S. society.
This increase also reduces the concern of possible reduction in private consumption due to rising food and fuel prices. Consumption of this community have an important role in the U.S. economy, which contribute about 70 percent of U.S. GDP. (GoFinance)
No comments:
Post a Comment