Tuesday, May 24, 2011

::Rupiah weakened Again and Again!>>

Go Finance Reporting in JAKARTA - The rupiah to trade this time sinkhole again in the middle of the strengthening U.S. dollar (U.S.).

The strengthening dollar is supported by the Greek bond grew stronger after Fitch and S & P lowered the previous back Greece's debt ratings. Fitch downgraded Greece to B +.

Apart from Greece, some European countries have also threatened downgrades outlook such as Italy and Belgium. The Greek government tried to attract the sympathy of investors by approving the sale of assets in bulk and reducing the government budget amounted to six billion euros, or $ 8, 4 billion. But the plan has not helped improve investor sentiment.

As quoted from yahoofinance, the dollar climbed against the euro, in which the euro traded at 1.4086 per USD level. Pounds also weakened to 1.6125 per USD, and the Australian dollar also weakened to 1.0568 per U.S. dollar.

And the rupiah weakened to Rp8.587 top dollar. The range of trade dollars in Rp8.572-Rp8.587 per USD.

Meanwhile, the middle rate of Bank Indonesia (BI) was observed to weaken Rp8.568 per USD compared to earlier in the Rp8.561 per USD. Rp8.611 selling dollars at the exchange rate per USD and the buying rate at Rp8.525 per USD. (GoFinance)

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