Go Finance Reporting in JAKARTA - A variety of pressures that plagued the rupiah seemed unstoppable. This momentum is used as the arena for market participants to profit-taking at the weekend.
Rupiah, according to the middle exchange rate of Bank Indonesia (BI) on Friday (06/17/2011) weakened to Rp8.595 per USD compared to the previous trading period at the level of Rp8.584 per USD.
But, according to yahoofinance, the rupiah had slipped to as low Rp8.612 per USD with a daily trading range in Rp8.582-Rp8.625 per USD. As also observed stronger dollar over other currencies. The euro weakened to 1.4189 per USD, as well as the pounds are weakened to 1.6133 per USD.
External conditions this time simply press the rupiah in between rising inflation in the eurozone. In addition the unemployment rate in Europe is also experiencing an increase in which is month to month increase from 0.1 percent to 0.2 percent and year to date (ytd) from 14.2 percent to 15 percent.
In addition, bonds issued by Greece gets low ratings from rating agency Standard & Poor's, and some French banks in the region also experienced a downgrade so that the negative impact of the rupiah. (GoFinance)
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