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JAKARTA, iNews.id – Rupiah is estimated to move within range support Rp14.368 and resistance Rp14.295. Previously, the rupee had closed at 14 287 IDR for a US dollar
Reza Priyambada, an badyst at Binaartha Securities, said the rise in benchmark rates is a temporary feeling to curb the volatility of the rupee, but that it is not the case. it should continue to increase. in other countries were also expecting market participants especially the release of economic data at the beginning of the month. On the other hand, the movement of the euro which has strengthened after the agreement on immigrants should also have a positive impact on the movement of the rupee.
Although the interest rate has risen by 50bp or in line with the market's desire to further cushion the rupee, "Market participants continue to watch the development of the trade war potential between the United States and China, so the demand for safe haven currency is even greater, "he said Monday in his research (07/02/2018
Meanwhile, from In the interior of the country, there has been no other feeling than the rise in Bank Indonesia's benchmark interest rates that market participants are waiting for.The existence of the statement from the coordinating minister for economic affairs Darmin Nasution, that the increase follows the existing global developments and the anticipation of capital outflow responded positively.
previously reported, the rate of rupiah exchange in June 2018 triggered by a strengthening of the dollar am Rican to & # 39; world. The rupiah exchange rate was in strong trend until mid-June 2018. It even recorded Rp 13,853 for one US dollar on June 6, 2018 in response to BI policy in late May 2018.
However, the position of change FOMC policy in mid-June 2018 is more aggressive, other central bank responses are changing, especially the central banks of the European Union and China, and the Global financial market uncertainty is rising again, causing the weakness of almost all global currencies.
On June 28, 2018, the rupee was recorded at 14,390 Rp for one US dollar, down 3.44% from the end of May 2018. Compared to the end of December 2017, the rupee lost 5.72% % (in ytd)
Writer: Ranto Rajagukguk
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