Go Finance Reporting in JAKARTA - The rupiah strengthened to move along with the pressure that occurs in the economy, the United States (U.S.) and create pressure on the U.S. dollar value.
Amount, according to the exchange rate of Bank Indonesia (BI) on Wednesday (06/08/2011) rose to Rp8.521 per USD compared with the previous trading period in Rp8.529 per USD.
According yahoofinance, parking in Rp8.517 rupiah per USD with a range of trade in Rp8.492-Rp8.517 per USD. Dollar value also was observed to start moving gained over a number of other currencies. Thus, the euro weakened to 1.4649 per USD, and weakened to 1.6371 pounds per U.S. dollar.
Fed Governor Ben Bernanke, Bernanke said that monetary policy stimulus is still needed to push the U.S. economy was saying as losing momentum and frustratingly slow. The condition was also aggravated by the rising price of energy (fuel), which makes the consumer loses purchasing power.
However, rising U.S. inflation still considered temporary. Personal consumption expenditures (PCE) price index excluding food and fuel rose one per cent recorded yoy in April, still far below the estimated PCE set by the Fed last April at 1.7 percent-2 percent.
The U.S. economy is still below its potential capacity, seen from the increasing unemployment rate of nine percent in April to 9.1 percent in May. Although many analysts began to discuss the quantitative easing III but Bernanke did not mention specific policies to be carried out by the Fed.
At least in U.S. interest rates still low as it will survive this time until the U.S. economic recovery is said to be stable. (GoFinance)
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