Go Finance Reporting in JAKARTA - The United States dollar (U.S.) began to strengthen and push other currencies. But, the rupiah today is still moving strong.
Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (05/19/2011) rose to Rp8.544 per USD compared with the previous period in Rp8.553 per USD. But according to yahoofinance, parking in Rp8.557 rupiah per USD with a daily trading range in Rp8.552-8562 per USD. U.S. dollar value of this time was trying to strengthen over other currencies.
As a result, the euro weakened to the 1.424 per USD, the yen also weakened to 81.89 per USD as well as the pounds fell to 1.6147 per U.S. dollar.
According to Samuel Securities analyst Lana Soelistianingsih Indonesia, the Fed policy makers, who come from 12 districts began to agree to a policy of contraction after the end of government bond purchase program (quantitative easing / QE), both valued at $ 600 billion, which ends next June with a strategy to start raise rates and make asset sales.
Both these policies will attract liquidity back into the monetary authority. The policy was made because the inflation rate began to strengthen while inflation expectations are still said to moderate.
However, economic growth actually experienced a decrease from the previous revision of 3.4 percent-3, 9 percent to 3.1 percent-3, 3 percent for 2011. One of the President of the Federal Reserve of St. Louis district signaling its benchmark interest rate (FFR) will be maintained until the end of 2011. This increase FFR will make the strengthening of the dollar due to increased demand for dollar-based assets. (GoFinance)
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