Go Finance Reporting in JAKARTA - The rupiah strengthened to almost penetrate the psychological level Rp8.500 per USD. In fact, the value of United States dollars (U.S.) began to strengthen again.
Amount, according to the exchange rate of Bank Indonesia (BI) on Monday (06/06/2011) rose to Rp8.506 per USD compared with the previous trade in Rp8.506 per USD.
According yahoofinance, is on the level Rp8.517 rupiah per USD, with the trading range in Rp8.502-Rp8.537 per USD. Value of U.S. dollar looks stronger this afternoon. As a result, the euro weakened to 1.4633 per USD, pound weakened to 1.6429 per USD and the Singapore dollar weakened to 1.0743 per U.S. dollar.
In fact, negative sentiment deteriorating U.S. labor market, unemployment rate 9.1 percent. U.S. Labor Department announced nonfarm payroll data for the month of May only rose by 54,000 from 232,000 earlier in April.
The realization is also below the median consensus estimates surveyed by Bloomberg is 165,000. U.S. unemployment rate rose more than nine percent in April to 9.1 percent in May. Data contributing to the slowing U.S. economy continues to show towards the end of government bond purchase policy (quantitative easing II) worth UD600 billion in June.
U.S. economic slowdown will make speculation continued quantitative easing program II to prevent the economic decline continues. At the same time the U.S. government faced with a deteriorating budget conditions and the need to raise the debt limit above $ 14, 2 trillion. (GoFinance)
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