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The improvement in U.S. stocks encouraged strengthening Rupiah

April 4th, 2011 - Tags: , , , , , , , , ,
Posted in Umum

RMC -Release of unemployment data and business other than the United States for agricultural sector which was very good and that is outside of the estimated 8.8 percent compared to the 8.9 percent estimate made ??U.S. exchanges have increased well so automatically boost the stock rising Asian and regional markets. Besides, the publication of the report in March last deflation is good news and make some stocks advanced as the automotive and banking.

Composite Stock Price Index (JSX) at the level of 3700 points, moves with the rising global market that provides a positive sentiment for the movement of the rupiah. Rupiah strengthened in Rp.8670 compared to the previous position of 8690, this strengthening is also triggered from the flow of funds from foreign investors in addition to several factors over the earlier.

But that needs to be aware of the rising crude oil prices that almost reached an alarming point is at 120 dollars per barrel. This can trigger a shock to asia and regional exchanges are also on the position of the rupiah.

In addition there are global issues regional issues that affect inflation more or less this month that burned three tanks of fuel components at Cilacap Oil Refinery complex, although the Minister of Energy and Mineral Resources Saleh Zahedi Darwin had insisted that no significant impact on domestic fuel supply but still just cause a little concern the scarcity of fuel in some areas which resulted in rising fuel prices. (Winnie)