US Dollar Under Pressure, Rupiah Exchange Rate Rises Slightly
On trade opening, Thursday (8/10/2017), the rupiah exchange rate against the US dollar moves in the green zone.

The rupiah is traded slightly higher by five points to IDR13,327 from the previous position of IDR13,332 against the dollar.

The dollar is under pressure against the majority of global currencies, including the rupiah amid lack of opportunities for the US central bank to raise its benchmark rates.

US President Donald Trump, who is increasingly focused on geopolitical affairs on the Korean peninsula makes pessimistic against fiscal stimulus. The situation undermines the chances of a The Fed Fund Rate hike that will ultimately have a negative impact on the US dollar, said economist Samuel Sekuritas Rangga Cipta.

Domestically, he added, the sentiment is also considered positive following the activity in the Government Bond market which increased so requesting rupiah appreciation to continue.

Expectations of monetary easing in the country also increased following inflation rate in August 2017 which is expected to be lower as well as improved retail sales in July 2017 to support additional factors.

Bank Indonesia recorded a real sales index (IPR) of the June 2017 Retail Sales Survey rose 6.3 percent year-on-year, higher than 4.3 percent YOY in the previous month. Increased retail sales occurred in both food and non-food groups.

Source :netralnews

Aug 12, 2017


 
Bank note current rate:
  currency buy sell
GBP 17,775 17,990
AUD 10,150 10,315
HKD 1,676 1,732
USD 13,350 13,530
MYR 3,225 3,285
CAD 10,450 10,635
SGD 9,875 10,060
EURO 15,850 16,040
SFR 13,575 13,785
YEN 119.50 121.55
NZD 9,125 9,315
THB 401 422
NT 431 459
WON 11.59 12.75
DKK 2,033 2,155
SEK 1,553 1,630
BND 9,825 10,060
NOK 1,581 1,665
SAR 3,451 3,610
PHP 248 267
RMB 1,971 2,053
INR 161 209
RUB 180 231
AED 3,549 3,685
   Last Updated :24 Nov 2017 - 04:56 PM
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