Jakarta, Aktual.com – The movement of the rupiah against the US currency (USD) in today’s trading is being in the limited zone reinforcement.
This occurs both to the sentiment of the country that no longer exists and influenced US sentiments ahead of the release of economic data of this country.
“I think the rate of rupiah today able to move to survive in the support area of our previous, but limited,” said an analyst at PT NH Korindo Securities Indonesia, Reza Priyambada, in his daily analysis, Monday (10/10).
Moreover, he said, market participants began to lose positive sentiment from the tax amnesty. Where the pace early in the second period tax amnesty moves better yet, both funds ransom or declaration.
“Thus causing the rupiah rate tend to move flat thin although able to bounce back,” he said.
In addition, the limited conditions are also due to the strengthening of market participants is waiting and seeing ahead of the release of some economic data in the US.
“So, the rupiah may move sideways amid a lack of sentiment. It is estimated that the rupiah extended support in the range 13 020 and 12 976, “said Reza.
Conditions in the US It also makes the rate of USD moved higher against most world currencies moreover there following the hawkish comments Central Bank officials, the Fed.
“The rate of USD rose after the the Fed part of Cleveland President’s statement, Loretta Mester who said the US economy is ready for a rate hike,” he said.
With this USD strength index reached 0.33% which led to a selloff of various world currencies, including the rupiah.
Previously, he also said that the rupiah rate is seen still able to survive in the new support area at around 13,000.
Moreover, this situation could make market participants optimistic cause given the release of the performance of listed companies in the third quarter are expected to be better than the same during the period in the previous year.
“Stay alert sentiments on the rate of the rupiah,” said Reza.
*Musdianto
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