REPUBLIKA.CO.ID, JAKARTA -- Rupiah traded among banks in Jakarta on Thursday (3/9) morning, moved down by 13 points to Rp 14,145 compared to the previous position at Rp 14,132 per US dollar.
"The US dollar was appreciated against rupiah, in accordance to release of US jobs data ADP (Automatic Data Processing) version, which gives an expectation of interest rate hikes by the Fed in September," said an analyst from PT Platon Niaga Future, Lukman Leong, in Jakarta.
Currently, investors are expecting nonfarm payroll (NFP) data of the US who will be announced on Friday (4/9) to view the current condition of the US labor market.
"Projection of NFP data will increase and the unemployment rate of United States are expected to fall. If the projection is true then it would be a positive news on the US support to dollar strengthened,” he explained.
On the other hand, Lukman said, most investors are still doubts due to a declining manufacturing sector data. That situation makes the rate hikes of the Fed has not been too clear.
"Uncertainty makes currencies of developing countries, including rupiah, is becoming less attractive," he said.
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