Sabtu 14 Nov 2015 07:59 WIB

US dollar closer to Rp 13,700

Rep: C09/ Red: Julkifli Marbun
Indonesian rupiah (IDR) tends to weaken againts US dollar recently. (illustration)
Foto: Republika/Aditya Pradana Putra
Indonesian rupiah (IDR) tends to weaken againts US dollar recently. (illustration)

REPUBLIKA.CO.ID, JAKARTA -- Rupiah traded among banks in Jakarta, Friday (13/11) morning, was moving down by 47 points to Rp 13,644, compared to the previous position at Rp 13,597 per US dollar.

"Rupiah exchange rate remained relatively stable. Market participants are waiting for the data of current account deficit in Indonesia, which are estimated to 1.7 percent of gross domestic product (GDP)," said Samuel Sekuritas economist, Rangga Cipta, Jakarta, Friday (13/11).

According to him, it was likely to be a positive sentiment towards the currency and to increase the chances of Bank Indonesia rates to be cut. The sentiment for the rupiah was likely to move higher.

Meanwhile, he added, the sentiment of the jobless claims data that are still high and the US government budget deficit that widened, could put a halt to the US dollar. Industrial production figures  in the Euro which improved would also help strengthen the euro against the US dollar.

Head of Research of NH Korindo Securities Indonesia, Reza Priyambada, added that although the rate of the US dollar increased in against world currencies, including the rupiah, but it still tended to be limited.

"The strengthening of the US dollar is still limited. A number of domestic sentiment still get positive response, mainly related to internal macroeconomic conditions," he said.

He added, the government's inflation target in 2015 was under four percent. The number of positive expectations of government in domestic economy would keep the fluctuations in rupiah.

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