ID :
70500
Wed, 07/15/2009 - 15:08
Auther :
Shortlink :
https://www.oananews.org//node/70500
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RUPIAH GAINS 25 POINTS EARLY WEDNESDAY
Jakarta, July 15 (ANTARA) - The rupiah, Indonesian currency, gained against the US dollar at the Jakarta interbank spot market here on Wednesday morning as investors released the greenback following an issue on the US government's significant budget deficit.
The Indonesian currency traded at Rp10,150-Rp10,165 per US dollar, down 25 points from Rp10,175-Rp10,185 per US dollar at the market's close a day earlier.
Rully Nova, a foreign exchange analyst of PT Bank Himpunan Saudara Tbk., said here on Wednesday that foreign investors were worried that the issue on the US budget deficit reaching trillions of dollars would lower their investment value in that country.
The worry triggered foreign investors to release the US dollar although not in a big amount, he said.
That condition would cause significant negative impacts on the global economic growth as well as the Asian economy, including in Indonesia, he said.
"We hope the United Sates could address the problem in order to prevent a bigger negative impact," he said.
Rully Nova said investors were also worried over the US economy which got worse, following the US administration's decision to provide new economic stimulus package which indicated a bigger pressure of the economic global on the market.
If such a condition really occurred, the Indonesian economic growth in 2009 expected to be at 4.5 percent, would be difficult to achieve, he said.
Therefore, the rupiah at the current position at the present level was quite good. However, with the new problem is emerging, he wondered whether the Indonesian currency could be maintained at the level.
He said it would be difficult to predict whether the rupiah could achieve the level at below Rp10,000 per US dollar in the future.
Last Tuesday (July 14), the rupiah tumbled 20 points at the Jakarta interbank spot market here early Tuesday.
The Indonesian currency traded at Rp10,200/10,210 per US dollar, down 20 points from Rp10,180-Rp10,190, as investors released the local unit to take profits.
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The Indonesian currency traded at Rp10,150-Rp10,165 per US dollar, down 25 points from Rp10,175-Rp10,185 per US dollar at the market's close a day earlier.
Rully Nova, a foreign exchange analyst of PT Bank Himpunan Saudara Tbk., said here on Wednesday that foreign investors were worried that the issue on the US budget deficit reaching trillions of dollars would lower their investment value in that country.
The worry triggered foreign investors to release the US dollar although not in a big amount, he said.
That condition would cause significant negative impacts on the global economic growth as well as the Asian economy, including in Indonesia, he said.
"We hope the United Sates could address the problem in order to prevent a bigger negative impact," he said.
Rully Nova said investors were also worried over the US economy which got worse, following the US administration's decision to provide new economic stimulus package which indicated a bigger pressure of the economic global on the market.
If such a condition really occurred, the Indonesian economic growth in 2009 expected to be at 4.5 percent, would be difficult to achieve, he said.
Therefore, the rupiah at the current position at the present level was quite good. However, with the new problem is emerging, he wondered whether the Indonesian currency could be maintained at the level.
He said it would be difficult to predict whether the rupiah could achieve the level at below Rp10,000 per US dollar in the future.
Last Tuesday (July 14), the rupiah tumbled 20 points at the Jakarta interbank spot market here early Tuesday.
The Indonesian currency traded at Rp10,200/10,210 per US dollar, down 20 points from Rp10,180-Rp10,190, as investors released the local unit to take profits.
***2***
