Indonesia Authorized Money Changer

Dollars Fell from the burning Oil Refinery Sarir Libya

April 8th, 2011 - Tags: , , , , , , , , , , , , , , , ,
Posted in Umum

RMCRupiah continued to get a breath of fresh air with issues that are positive after the March issue of deflation is now the issue of improved debt rating from BB+ to BBB. Rupiah continued to rise although it is feared will easily go down if exposed to the slightest negative issues.

Rising Rupiah also been pulley from rising euro against the dollar due to rising interest rates primarily on the European Central Bank (BOE), which rose 25 basis points to 1.25 percent. Amount could have been perched at the level of Rp.8600 at next week if the conditions continue like today.

Inversely with the dollar weakening due to rising world crude oil prices associated with the burning of oil drilling Sarir refinery in Libya, which was burned by the army of pro-Qaddafi, triggering fears of market participants will be delays in oil supply due to the unrest.

World oil prices raced 1.4 percent directly due to the riots and is the highest value in the last 30 months. If the unrest continues to spread might have caused the dollar worse off.

The fall in the dollar and rising interest rates triggered the European Central Bank’s main gold prices fell even though very thin once, after gold hit its highest price some time ago. This is different from the silver which is expected to rise to reach its highest value. (Winnie)