| Decreasing pressure, Rupiah Stable |
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| Saturday, 27 February 2010 10:33 | |||
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JAKARTA,
the rupiah exchange rate against the U.S. dollar in the Jakarta
interbank spot market on Thursday (25/2/2010) evening, is stable in the
range of USD 9335-USD 9345 for the activities ahead of the market
loosened long holiday.
Currency analysts Millennium PT Asia Securities, Ahmad Riyadi, in Jakarta on Thursday, said the dollar had weakened earlier, again due to improved market pressures somewhat reduced. "Reduced pressure because some players have left the market and welcome the long holiday weekend," he said. Ahmad Riyadi said, the perpetrators are also still concerned with the political situation in the country due to the case of Century Bank is still uncertain who will make foreign players leave the market. "Therefore, the government should be able to anticipate these conditions to not continue as an ongoing demonstrations," he said. However, according to him, the position of the rupiah was stable, but the future is feared Indonesian currency will experience a sharper correction. "In this regard, Bank Indonesia (BI) also must prepare themselves to be able to keep the rupiah slumped not far outside the established corridors of government," he said. He said, if the case can be resolved Century Bank well, then the chance of improving the rupiah to a very large return. "Perpetrator optimistic Indonesian economy will be growing well, and money market activities of the stock market going to get better," he said. Moreover, the U.S. government has declared, that they still need low interest rates that pushed the U.S. dollar weakened against other Asian financial markets. "We are optimistic that the rupiah will return better future, if the political situation in the country back better," he said. | Kompas.com | tenderoffer.biz |
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