Go Finance Reporting in JAKARTA - The rupiah is still strong despite the condition of Composite Stock Price Index (IHSG) looked shadowed by profit taking.
Rupiah, in late trading Wednesday (07/06/2011) moves to strengthen to Rp8.532 per USD from a position on the previous trading at Rp8.540 per USD.
According yahoofinance, rupiah at Rp8.542 per USD with a trading range in Rp8.517-Rp8.542 per USD. On the other hand, the dollar actually rose over other currencies. So the euro weakened to $ 1, 4367 per euro, and pound also fell to $ 1, 6026 per pound.
In the U.S. alone, orders to factories in the United States recorded an increase of 0.8 percent mom, an indication of improvement in the manufacturing sector from the economic slowdown in the first half of 2011.
The increase is lower than in April a record 0.9 percent mom. Increasing demand has also been signaling a recovery in the manufacturing sector in Japan's earthquake and tsunami disaster last March.
At the same time U.S. exports also increased, rising commodity prices and restrained. This condition supports the Fed's statement last month that the economic downturn is only temporary. (GoFinance)
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