Go Finance Reporting in JAKARTA - The rupiah strengthened and were observed moving on the level of Rp8.692 per USD. That is because the improved sentiment in global markets will become a positive factor Asian markets today.
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (04/21/2011) rose to the level Rp8.692 per USD, compared with the previous period which is at the level of Rp8.657 per USD.
Based on data yahoofinance, Thursday (04/21/2011), the rupiah had strengthened the position Rp8.624 per USD, or 30.5 points weaker. The movement of dollars today to move between 0.5-Rp8 Rp8.624 .637,5. Meanwhile, for the euro currency strengthened at the level of 1.4625 per USD, and the yen strengthened 82.0550 per USD.
The improvement in global sentiment seems to be reason for the strengthening of the rupiah. Where is the dollar itself is now the middle of the trend of weakening of other currencies.
The existence of step-rating agencies S & P rating outlook lowered the debt the United States (U.S.) from stable to negative and the trend of the weakening United States dollar movement itself against the global currency market participants are likely to cause run on emerging markets in Asia, one of which is Indonesian.
In addition, the expectations of market participants that there is a high yield from Indonesia due to be supported by measures by Bank Indonesia to hold its benchmark interest rate Bank Indonesia (BI rate) at the level of 6.75 percent and supported by the state of economic fundamentals are good and stable.
(GoFinance)
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