Go Finance Reporting in JAKARTA - Asia this negative sentiment seems to make the rupiah weakened again. In fact, the United States dollar (U.S.) this time again to weaken.
Amount, according to the exchange rate of Bank Indonesia (BI) on Tuesday (04/26/2011) weakened to Rp8.656 per USD compared to the previous period of trading Rp8.628 per USD.
According yahoofinance, the rupiah is in a position Rp8.642 per USD with a daily trading range Rp8.605-Rp8.662 per USD. While other world currencies strengthened against the dollar tracked. The euro strengthened against the dollar to 1.4612 per USD, pounds rose to 81.675 per USD and the Australian dollar strengthened to 1.0749 per U.S. dollar.
While new home sales in March in the U.S. is expected to rise from its lowest point. New home sales are expected to rise 12 percent mom to reach 280,000, although in February and then fell sharply to 17 percent mom.
Although expected to show an improvement but increased sales of new homes is considered to be slow because it is still tight credit. However, with the expectation that the Fed still will continue the policy of monetary expansion (quantitative easing / QE) to two by the end of next June, coupled with consumer confidence, income of workers who continue to improve, and the unemployment rate coming down, making this new home sales will begin to show increases.
On 27 April FOMC meeting tomorrow, the Fed is predicted to maintain its interest rates at 0 to 0.25 FFR percent, a positive factor for new home sales in the U.S. in the future.
(GoFinance)
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