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Dollar Downtrend as New Conflict in Yemen

March 23rd, 2011 - Tags: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Umum

RMC -The vigorous attack coalition to put pressure on Libya increasingly inflated crude oil prices because of the economic actors assume that Libya would not be able to produce oil in the near future until the battle stopped and reached an agreement between the government and rebels.

President of the United States, Barac Obama is calling on Gaddafi to resign so that the conflict would soon subside and once Libya argued protect civilians so as not to become victims, but still, for most countries including the Arab League coalition forces raid reason is very far from reality as the result of the invasion forces coalition that causes civilian casualties.

Negative issues and the pros cons of Libyan attacks by coalition forces is what makes the price of crude oil raise at once to correct the dollar coupled with Bahrain conflict that has not subsided at the same time the emergence of new conflicts in Yemen in which the opposition wants ouster of President Ali Abdullah Saleh, although Saleh president had promised to resign in early January 2012.

Correction in the dollar also makes the rupiah is still in a stable position including currency other Asian countries. As a result there will not be any action from the government to raise the exchange rate of rupiah. Although the dollar corrected but not necessarily boosted gold prices, gold prices in the spot market fell about 0.2 percent a thin but steady move in the futures market. But investors still see it as a safe-haven of the most popular. (Winnie)