ID :
103434
Fri, 01/29/2010 - 15:37
Auther :
Shortlink :
https://oananews.org//node/103434
The shortlink copeid
RUPIAH WEAKENS 40 POINTS AGAINST US DOLLAR
Jakarta, Jan. 29 (ANTARA) - The rupiah weakened 40 points against the US dollar in the Jakarta interbank spot market here on Friday morning on profit taking moves.
The Indonesian currency traded at Rp9,360-Rp9,370 per US dollar, down 40 points from the figure at at the market's close a day earlier.
Market activities were dominated by sell-offs as investors wanted to take profit after the local currency had rallied earlier, Rully Nova, a foreign exchange analyst of PT Bank Himpunan Saudara Tbk, said.
"We predict that the rupiah will continue to depreciate until its position will reach nearly Rp9,400 per US dollar," he said.
He, however, was optimistic that the rupiah would still have a chance to move upward as foreign investors were still positive toward the domestic money market.***
The Indonesian currency traded at Rp9,360-Rp9,370 per US dollar, down 40 points from the figure at at the market's close a day earlier.
Market activities were dominated by sell-offs as investors wanted to take profit after the local currency had rallied earlier, Rully Nova, a foreign exchange analyst of PT Bank Himpunan Saudara Tbk, said.
"We predict that the rupiah will continue to depreciate until its position will reach nearly Rp9,400 per US dollar," he said.
He, however, was optimistic that the rupiah would still have a chance to move upward as foreign investors were still positive toward the domestic money market.***
