Stable rupiah at Rp9.047
July 16th, 2010 - Tags: dollar, ratri, rupiah, stablePosted in Umum
Ratri - Although the stock price index (CSPI) moves volatile and close higher, the exchange rate appeared unaffected and stable at this weekend.
Weak U.S. economic data releases accumulate market concerns about the prospects of U.S. economic recovery. This press Wall Street and the United States dollar (USD).
USD weakened significantly against major world currencies, this pushed the euro accelerated increase of EUR up to its highest level for two months in the area of 1.2900 per USD with a supreme position at 1.2955 per dollar. CAD was also depressed by the Japanese yen.
Producer price inflation and the weak regional manufacturing data add to fears of U.S. economic recovery prospects. The data is potentially a reason to plant in the minds of market participants at this time to conduct further selling pressure as the USD started invisibility of concern are indications that the focus shifted from Europe to the U.S..
In addition, the price of gold on the flat in the range this morning after the release of U.S. economic data and pessimistic about her flat Wall Street stock market closing. Gold spot price traded at USD1.210, 30 on the previous day’s closing of USD1.208, 50, but still below the highest level this week’s 1217.85.
While oil prices fell below $ 77 per barrel Thursday dpengaruhi yesterday by fears of U.S. economic prospects that will inhibit the growth of fuel demand in the future.
