Go Finance Reporting in JAKARTA - Rupiah strengthened this time moving in the middle of the stable exchange rate U.S. dollar (U.S.).
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (05/11/2011) rose to Rp8.546 per USD, compared with the previous trading period in Rp8.553 per USD.
According yahoofinance, the rupiah is on Rp8.532 per USD with a daily trading range in Rp8.527-Rp8.557 per USD. In fact, this time the dollar exchange rate seem to be moving both ways on other currencies. The euro weakened to 1.4397 per USD, the pound rose to 1.6384 per USD and the yen weakened to 80.775 per U.S. dollar.
Demand for U.S. goods in the stronger seems to be one of positive sentiment for the dollar this time. U.S. sales data for March are announced by the Commerce Department re-recorded an increase of 2.9 percent after the previous mom
was down 0.3 percent in February.
At the same time the inventory level of trade continues to increase, recorded an increase of 1.1 percent mom. The increase in sales is higher than the increase in inventory indicates demand for U.S. goods in the more powerful. Inventory in Q1-2011 and reached a total value of USD43, 8 billion, up sharply compared to the fourth quarter of 2010 which only reached USD16, 2 billion.
Increasing the inventory is also followed by the increasing amount of that work, there were as many as 244 thousand additional workers in April. During the last quarter of 2011, U.S. real GDP grew by 1.8 percent. (GoFinance)
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