Go Finance Reporting in JAKARTA - The rupiah strengthened looked back over the weakening United States dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI), Wednesday (05/04/2011) weakened to Rp8.559 per USD compared to the previous period in Rp8.554 per USD. But according to yahoofinance, the rupiah strengthened to Rp8.557 per USD with a daily trading range in Rp8.545-Rp8.572 per USD. U.S. dollar weakens monitored over other currencies. The euro strengthened against the dollar to 1.4864 per USD, the Australian dollar strengthened to 1.0853 per U.S. $ and Canadian dollar strengthened 0.9533 per USD.
Strengthening of the euro, one of which is because Portugal have agreed to receive bailout funds from the EU amounted to USD116 billion or 78 billion euros and agreed to reduce the budget deficit over the next three years is 5.9 percent of GDP in 2011, 4.5 percent of GDP in 2012, and three percent of GDP in 2013.
In 2010, Portugal would raise its budget deficit from 8.6 percent of GDP to 9.1 percent of GDP for development of road infrastructure (Highways). At the same time, Portugal also has a debt to GDP ratio that is large enough that 93 percent of GDP in 2010.
Efforts to reduce the deficit by raising taxes and reducing spending in large enough quantities. Despite this positive consensus but investors have considered earlier, Portugal had no alternative but to accept the bailout and as a consequence must be willing to tighten the budget. (GoFinance)
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