REPUBLIKA.CO.ID, JAKARTA -- The rupiah value fell against the US dollar in the opening trade on Thursday to follow depreciation of the majority of regional currencies.

In inter-bank transactions rupiah traded at the level of 12,130 from 12,110 per US dollar earlier.

The US dollar regained strength on speculation that the U.S. economic condition would improve pushing the Fed into trimming its bond buying program, chief researcher of Trust Securities, Reza Priyambada, said.

Other sentiments bloking rupiah from rising include faster than expected increase in Australian consumer price and a decision of the Bank of England not to raise its benchmark interest rate, Reza said.

Chief researcher of Monex Investindo Futures, Ariston Tjendra, said currently the market focus of attention is the Fed meeting scheduled for Jan. 28-29.

At the meeting , the Fed is expected to decide to cut its asset buying plan that would boost the US dollar against the majority of the global currencies including rupiah.

Ariston predicted the rupiah would trade at the levels of 12,105-12,175 per US dollar on Thursday.

Ikuti Whatsapp Channel Republika