Go Finance Reporting in JAKARTA - The weakening trend in the U.S. and European capital markets seem to be pressing Asia. Rupiah was expected to contribute to weaken this weekend.
"amount of time this movement will be in between Rp8.675-Rp8.725," said economist Fauzi Ichsan when contacted Legal, Jakarta, Friday (04/15/2011).
The weakening of the United States and European exchanges make the Asian market becomes vulnerable to lead Asian market became depressed and the rupiah weakened. Even though Asian stocks tend to move mixed, but there is no definite direction or directions in Asian markets, due to the weakening trend that occurred in the global market.
Meanwhile, the unstable state of global stock markets which led to depressed Asian stock markets also affect the purchase of government securities. "If market circumstances such as these investors tend to be reluctant to buy government securities, so that fewer and fewer foreign capital flows or capital inflows into Indonesia, otherwise if market conditions were good, then investors will flock to buy government securities," he concluded.
As is known, the rupiah, according to the exchange rate of Bank Indonesia (BI), Thursday (04/14/2011) rose to Rp8.661 per USD from the previous trading at Rp8.672 per USD. Meanwhile, according yahoofinance, the rupiah is on Rp8.667, 5 per USD, with the trading range today Rp8.657-8677 per USD.
(GoFinance)
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