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JAKARTA, rupiah exchange rate against the U.S. dollar in the Jakarta interbank spot market on Friday (4 / 12) morning experiencing weakening again by 12 points to USD 9435-USD 9445 per U.S. dollar compared to the previous day's closing USD 9425-USD 9435 for returning players off the rupiah.
Money market observer Edwin Sinaga in Jakarta, Friday said, the correction usually assessed against the rupiah, due to market very carefully to buy dollars, they are somewhat reluctant to buy dollars, because many cases occur in the country is still not finished. "Cases such as Century Bank, which encourages members of the House of Representatives (DPR) using the right questionnaire to further investigate the use of government bailouts of Rp 6.7 trillion," he said.

According to Edwin, the rupiah could move up further, let alone a plan of the United States which would remove the dollar in the market as much as 2400 billion dollars in 2010. "Correction of the rupiah's price, because the Japanese government has disbursed funds to 10 trillion yen pushed the country's currency weakened," he said.

A weaker yen, he continued pressing movement of financial markets, especially the yen which reflects the domestic financial markets so that the rupiah depressed. However, market pressures appear not so great, due in two days rupiah fell only 10 points and 12 points were relatively large.

Looking ahead, he said the rupiah would come back improved with the U.S. government's plan to remove the dollar in global currency markets. "Therefore, the rupiah during the month is estimated to be within a narrow range of USD 9400 to USD 9450 per dollar," he said. (Kompas.com)

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