The rupiah traded among banks in Jakarta on Thursday morning moved lower by 17 points to Rp12.170 than before Rp12.153 per U.S. dollar .
"The U.S. dollar appreciated against the rupiah back after the Fed decided to cut back stimulus programs to 65 billion dollars per month , " said the Head of Research Investindo Futures Monex , Ariston Tjendra on Thursday .
He added that the move was the second time after the meeting last month of December 2013 the Fed also cut its financial stimulus of 10 billion U.S. dollars .
Other sentiment , he added , China is a trading partner of Indonesia recorded a weak manufacturing data , it adds to the negative sentiment condition that puts pressure on the domestic currency .
Bank money market analyst Civil Society , Rully Nova expects inflation data release and Indonesia's trade balance which was due to be released next week could be a positive sentiment for the currency.
" If the positive domestic data , it can withstand the Fed 's tapering sentiment , " he said .
He estimated that the persistence of market expectations of Indonesia's economic fundamentals are still conducive to hold the depreciation of the domestic currency against the U.S. dollar .
No comments:
Post a Comment