European Crisis Triggered Weakening Rupiah

Admin — Tue, 08 Jun 2010 02:55:32 +0000

Ratri - Movement amount in today’s trading will still tend to fluctuate with the tendency to weaken. This is because the influence of European crisis which was considered more worrisome.

Hungarian crisis triggered global stock market weakness and the euro yesterday, automatic Rupiah also affected. It is feared the same thing will happen today but if on this day Rupiah weakens, the expected weakening of his will be guarded by Bank Indonesia (BI). The central bank will intervene if the rupiah weakens.

Rupiah today will move fluctuated in the range 9295-9300

BI International Reserves Slow down weakening rupiah

Admin — Wed, 02 Jun 2010 03:05:21 +0000

Ratri - European crisis that’s happening right now suppress all currencies except the safe heaven USD. Rupiah was also affected, it’s just that there’s one thing to hold the rate of weakening it.

Foreign exchange reserves of Bank Indonesia (BI), which amounted to $ 77 billion is a positive sentiment for the rupiah.

Concerns still occurs, so that investors tend to want to play it safe by way of “holding” the U.S. dollar. Consequently USD strengthened. Remember, the euro is still in the stage of looking for a new equilibrium, so it is still very volatile. In Indonesia also happened the same action, the owners want to secure with the funds collected to USD. Therefore, weakening rupiah is still somewhat hard to resist.

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European Crisis Triggered Weakening Rupiah

BI International Reserves Slow down weakening rupiah