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 18,850 19,150
AUD 10,525 10,740
HKD 1,691 1,752
USD 13,500 13,700
MYR 3,425 3,510
CAD 10,550 10,825
SGD 10,150 10,400
EURO 16,650 16,850
SFR 14,400 14,650
YEN 126 128.30
NZD 9,800 10,000
THB 421 443
NT 446 476
WON 11.77 12.75
DKK 2,130 2,265
SEK 1,595 1,685
BND 10,100 10,400
NOK 1,658 1,740
SAR 3,488 3,655
PHP 245 265
RMB 2,066 2,163
INR 163 211
RUB 182 242
AED 3,587 3,730
   Last Updated :24 Feb 2018 - 09:35 AM
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