Go Finance Reporting in JAKARTA - The rupiah strengthened at the end of trade move earlier this week despite the United States dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI) at the end of trading earlier this week, on Monday (04/11/2011) rose to Rp8.641 per USD, compared with trading over the weekend that at Rp8.656 per USD.
Meanwhile, according yahoofinance, parking to Rp8.652 rupiah per USD with a daily trading range in Rp8.637-Rp8.655 per USD. Meanwhile, the dollar appears to be moving higher, consequently other currencies seemed to weaken. The euro seems to weaken to 1.4455 per USD, the pound weakened to 1.6343 per USD, and the weakening Australian dollar 1.0558 per USD.
One reason is because of the strengthening U.S. dollar budget proposed by the U.S. government to the Congress finally agreed to a deficit of $ 38 billion worth of USD61 billion as desired by the Republican party.
Indonesia Securities Samuel analyst Lana Soelistianingsih said the budget discussion was very tough, long-winded and had been a deadlock, giving rise to concern will be the closure of public services by the government for a while.
The closure will affect about 800,000 workers. Government proposes $ 3, 6 trillion budget for 2012 with a deficit of 9.8 percent of GDP.
By trimming the budget deficit is estimated to be around 9.4 percent of GDP from Republican target in 9.1 percent of GDP. But the U.S. government still faces fiscal problems in the long term because government debt is already approaching 90 percent of its GDP. (GoFinance)
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