Go Finance Reporting in JAKARTA - The rupiah strengthened to almost look back through the psychological label Rp8.600 per USD. Trigger Homeland strengthening currency is weakening trend of the United States dollar (U.S.).
Amount, according to the prevailing Bank of Indonesia it appears logical (BI) on Monday (04/25/2011) stagnated at the level of Rp8.628 per USD, where the previous trading period was as much Rp8.629 per USD.
But, according to yahoofinance, instead rupiah strengthened to Rp8.602 per USD with a daily trading range in Rp8.601-8632 per USD. While the U.S. dollar value observed depressed over other currencies.
The euro strengthened against the dollar to 1.4586 per USD, pound rose to 1.6531 per USD and the Australian dollar also strengthened to 1.0747 per U.S. dollar.
The weakening dollar is the U.S. currency because it is not considered an attractive currency for the market makers and speculators today. The strengthening of all currencies that automatically make the U.S. dollar value is low, again making the speculators looked at emerging markets in Asia which is one of them Indonesian.
Investors are interested to re-invest their capital in Indonesia so that the flow of capital inflow or foreign funds into Indonesia more and more so that any movement of the rupiah strengthened. (GoFinance)
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