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 17,750 17,975
AUD 10,525 10,675
HKD 1,646 1,701
USD 13,150 13,285
MYR 3,100 3,175
CAD 10,625 10,825
SGD 9,725 9,900
EURO 15,800 15,965
SFR 13,600 13,830
YEN 117.75 119.25
NZD 9,600 9,775
THB 390 410
NT 423 449
WON 10.91 12
DKK 2,021 2,150
SEK 1,590 1,675
BND 9,675 9,900
NOK 1,619 1,710
SAR 3,390 3,540
PHP 242 261
RMB 1,935 2,022
INR 159 207
RUB 177 228
AED 3,487 3,620
   Last Updated :20 Sep 2017 - 04:54 PM
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