Rupiah Strengthens to Rp13,949/USD

Ade Hapsari Lestarini    •    Kamis, 10 Dec 2015 09:57 WIB
 Rupiah Strengthens to Rp13,949/USD
Illustration (Photo: Antara Foto/M Agung Rajasa), Jakarta: Rupiah slightly increased this morning following the lowering of United States (US) dollar due to falling crude oil prices.
Quoting Bloomberg, Thursday (12/10/2015), rupiah opened at Rp13,985/USD, an increase compared with its position yesterday at Rp14,015. Rupiah then continued to strengthen 65.6 points or 0.47% to Rp13,949. Rupiah moved between Rp13,940-Rp13,997 this morning. Meanwhile, Yahoo Finance data showed rupiah weakened 39.5 points or 0.28% to Rp14,007.
Samuel Sekuritas Analyst, Rangga Cipta, said rupiah is supported by the lowering of US dollar and the rise of commodity prices but there is still possibility that rupiah could weaken today
"The lowering of rupiah is still possible toward FOMC meeting next week. Investors will also observe trade balance and BI Rate reports," he said in his analysis, Thursday (12/10/2015)
Rangga explained rupiah is influenced by global market. When Asian market weakened against US dollar, rupiah also fell.


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