Go Finance Reporting in JAKARTA - The rupiah was observed to bounce back despite Composite Stock Price Index (IHSG) and the dollar weakened the United States (U.S.) also began to strengthen.
Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (05/30/2011) moves to strengthen Rp8.548 per USD compared with the previous trading period in Rp8.565 per USD.
Meanwhile, according yahoofinance in Rp8.552 per USD with a range between Rp8.552-Rp8.577 per USD. Observed dollar exchange rate strengthened over a number of other currencies. The euro weakened to 1.4285 per USD, the yen weakened to 80.815 per USD and the Australian dollar weakened to 1.0693 per U.S. dollar.
As revealed by the Indonesian Securities analyst Samuel Lana Soelistianingsih in his research on Monday (05/30/2011), on 26 May, Commerce Department announced the U.S. economy first quarter of 2011 grew by 1.8 percent yoy, lower than the median survey estimate by 2.2 percent yoy, and also lower than GDP growth in the fourth quarter of 2010 and which reached 3.1 percent yoy.
Meanwhile, growth in consumer spending which rose only 0.4 percent in April, lower than the estimate of 0.5 percent a Bloomberg survey. Other data are also slowed in April, is selling the house (pending home resale) and orders for durable goods.
Analysts surveyed by Bloomberg estimated field jobs only increased 185.000, the lowest since January 2011. This data will be announced on 3 June. The weakening U.S. economic data is increasingly convinced that the Fed still will maintain its key rate unchanged at 0 to 0.25 percent until the first quarter of 2012 as consensus through a survey of analysts by Bloomberg. (GoFinance)
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