Go Finance Reporting in JAKARTA - The rupiah exchange rate to move lower in the middle of the United States dollar (U.S.) who began trying to strengthen. Amount, according to the exchange rate of Bank Indonesia (BI) on Thursday (05/05/2011) weakened to Rp8.566 per USD compared to the previous day Rp8.559 per USD.
Meanwhile, according yahoofinance, the rupiah also weakened to Rp8.587 per USD with a daily trading range in Rp8.564-Rp8.587 per USD. The dollar look better on this afternoon.
The pound weakened to 1.6476 per USD, the Australian dollar also weakened to 1.072 per USD, but the euro rose to 1.4887 still observed per USD.
Meanwhile, from the global side, the market makers are still waiting Europian Central Bank (ECB) to raise interest rates. Where there is a signal that interest rates will be increased then the market makers will sell dollars to the currency borrowed.
Strengthening of the euro is also one of them 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. (GoFinance)
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