Finance Services

Global sentiment will trigger a strengthening rupiah

The exchange rate of the rupiah against the U.S. dollar (U.S.) is estimated to have strengthened. It is triggered by positive global sentiment.

According to the Trust Securities analyst Reza Priyambada, rupiah exchange rate movements triggered by the impact of the global positive sentiment also helped influence the movement of stocks in the positive area.

“The positive stock market affected from the release of U.S. economic data earlier in the estimates made ​​forex traders participating in the buying of rupiah,”

Nevertheless, he added, this strengthening is still limited as falling retail sales figures Australia and wait and see attitude of market participants to the release of U.S. jobless claims.

For your information, the exchange rate on the trade Thursday, October 4 closed higher yesterday as the auction of government securities (GS). Garuda currency in the parking lot at the level Rp9.585 per USD.

Head of Treasury Research & Analysis Planning & Development BNI Nurul Eti Nurbaeti explained, the rupiah came under pressure from data release ADP employment change in the U.S. are better than expected.

While the one-month NDF in the offshore market opened lower this morning on the level Rp9.618-Rp9.633. Increased foreign exchange reserves in September to USD10, 1 billion is also not eliminate the pressure.

Dollars, according to the exchange rate of Bank Indonesia (BI) rose to Rp9.585 per USD compared to the previous trading period Rp9.590. According to Bloomberg, the rupiah was at Rp9.595. Meanwhile, according to yahoo finance, the rupiah was in position Rp9.589 per USD. Where the daily trading range at Rp9.586-Rp9.613.