Jakarta, May 24 (Antara) - The Indonesian rupiah reached Rp14,202 on Thursday's opening at the Jakarta Interbank Spot Dollar Rate, or weakened 15 points from Wednesday's closing rate at Rp14,187 per US dollar.
Head of Monex Investindo Futures' Ariston Tjendra noted here on Thursday that the US dollar tends to appreciate against most global currencies, including the rupiah, ahead of the announcement of the Federal Market Open Committee meeting's results held on May 1-2.
"Market investors are focusing on the United States' economic outlook following the Fed's optimism that strengthens the US dollar," he noted.
The market will also watch the Fed's policy rate based on the US' economic outlook.
"The market expects the Fed's rate to hike in June," he stated.
Binaartha Securities' analyst Reza Priyambada stated that external sentiments related to sluggish business activity in the European Union region had caused the euro's depreciation that influences currencies in the Asian region, including the rupiah.
"Such condition has influenced the rupiah to depreciate again, but the government's optimism about the domestic economic fundamentals is expected to prevent the rupiah from plunging steeply," he noted. (*)
COPYRIGHT © ANTARA News Jawa Timur 2018
Head of Monex Investindo Futures' Ariston Tjendra noted here on Thursday that the US dollar tends to appreciate against most global currencies, including the rupiah, ahead of the announcement of the Federal Market Open Committee meeting's results held on May 1-2.
"Market investors are focusing on the United States' economic outlook following the Fed's optimism that strengthens the US dollar," he noted.
The market will also watch the Fed's policy rate based on the US' economic outlook.
"The market expects the Fed's rate to hike in June," he stated.
Binaartha Securities' analyst Reza Priyambada stated that external sentiments related to sluggish business activity in the European Union region had caused the euro's depreciation that influences currencies in the Asian region, including the rupiah.
"Such condition has influenced the rupiah to depreciate again, but the government's optimism about the domestic economic fundamentals is expected to prevent the rupiah from plunging steeply," he noted. (*)
Editor : Slamet Hadi Purnomo
COPYRIGHT © ANTARA News Jawa Timur 2018