Wednesday, May 4, 2011

Strong Rupiah,Strong Export

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Rupiah Up Six Points
Exchange rate of rupiah against the U.S. dollar in the Jakarta interbank spot market on Tuesday (3 / 5) afternoon, from 15:08 o'clock am still at the level of 8540 per dollar. This is because market players tend to be less active in the purchase despite the U.S. dollar in global markets weakened.

The rupiah exchange rate against the U.S. dollar at 16:10 o'clock reached 8540 per dollar or an increase of six points from before 8546. Retail Director of PT Bank Mega Tbk Kostaman Thayib here Tuesday, said market players are still waiting for the continuation of the external markets, especially U.S. economic data are still uncertain.

U.S. economic data raised fears that the uncertain U.S. economic growth was weakening. Therefore, the Federal Reserve (the Fed) are still maintaining low interest rates below zero percent.

But the internal market is still positive while maintaining the rupiah continued to move higher even though the increase is relatively small. Nevertheless, the opportunity to continue to strengthen the rupiah is still great to get to the level of 8,500 per dollar, since bought more players started to get up that early since corrected.

This condition stimulates more exporter growing strong from Indonesia.