Global Crude Price Limits Rupiah Movement, Analyst Says

Reza Priyambada, Chief Analyst of NH Korindo Securities predicted that the Rupiah exchange rate will continue to experience somewhat limited strengthening with a support level of Rp. 13,175 per US Dollar, and a resistance level of Rp. 13,150 per US Dolar.

The Rupiah is expected to continue making progress thanks to global sentiments, and remain on the green zone, Reza said on Wednesday, May 4, 2016.

However, Reza stated that weak global oil price will put restrictions to the Rupiahs progress.

Meanwhile, recent inflation rate announced by the government will provide positive sentiments for the currency, according to Reza. In addition, Reza said that the Rupiah is expected to gain more support from the upcoming announcement of the Q1-2016 Gross Domestic Product.

On the other hand, the slowdown experienced by the Yen a also affected the Rupiahs movement, Reza said.

 

Source : Tempo.co

May 07, 2016


 
Bank note current rate:
  currency buy sell
GBP 17,150 17,340
AUD 10,475 10,560
HKD 1,652 1,707
USD 13,215 13,325
MYR 3,050 3,125
CAD 10,450 10,625
SGD 9,675 9,790
EURO 15,425 15,550
SFR 13,875 14,085
YEN 119 120.15
NZD 9,750 9,920
THB 386 406
NT 418 446
WON 11.08 12.10
DKK 1,977 2,090
SEK 1,542 1,620
BND 9,625 9,790
NOK 1,578 1,655
SAR 3,402 3,555
PHP 245 262
RMB 1,887 1,970
INR 159 207
RUB 178 225
AED 3,498 3,630
   Last Updated :24 Jul 2017 - 05:05 PM
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