ID :
107115
Wed, 02/17/2010 - 15:56
Auther :
Shortlink :
https://oananews.org//node/107115
The shortlink copeid
RUPIAH STRENGTHENS AGAINST US DOLLAR
Jakarta, Feb. 17 (ANTARA) - The rupiah rose against the US dollar in the Jakarta interbank spot market here on Wednesday as investors sold the greenback which had strengthened against Asian currencies especially euro and yen over the past few days.
The Indonesian currency traded at Rp9,278-Rp9,287 per US dollar, up 37 points from Rp9,315-Rp9,325 per US dollar at the market's close a day earlier.
The rupiah was boosted by surges at regional markets following Wall Street strong rally, and a technical factor, namely the sell-offs of the greenback, according to Suriyanto Chang, head of the financial division of PT Bank OCBC NISP.
"We are optimistic that the market is still positive toward the rupiah, and in the afternoon, it is expected to strengthen to nearly the level of Rp9,250 per US dollar," he said.
US stocks ended with their highest gains in almost three months time on Tuesday, 16 February 2010. After a holiday extended weekend, US stocks kicked off the week on Tuesday with strong gains.
It was mainly with the help from energy and commodities sectors that stocks spiked higher today. A weak dollar boosted these sectors since early morning trade. The economic report for the day and news of Greece's fiscal problems dissipating also boosted stocks.***
The Indonesian currency traded at Rp9,278-Rp9,287 per US dollar, up 37 points from Rp9,315-Rp9,325 per US dollar at the market's close a day earlier.
The rupiah was boosted by surges at regional markets following Wall Street strong rally, and a technical factor, namely the sell-offs of the greenback, according to Suriyanto Chang, head of the financial division of PT Bank OCBC NISP.
"We are optimistic that the market is still positive toward the rupiah, and in the afternoon, it is expected to strengthen to nearly the level of Rp9,250 per US dollar," he said.
US stocks ended with their highest gains in almost three months time on Tuesday, 16 February 2010. After a holiday extended weekend, US stocks kicked off the week on Tuesday with strong gains.
It was mainly with the help from energy and commodities sectors that stocks spiked higher today. A weak dollar boosted these sectors since early morning trade. The economic report for the day and news of Greece's fiscal problems dissipating also boosted stocks.***
