Rupiah ended trading today with a strong position on the level of each Rp9.100 USD. Reinforcement can not be separated from the positive movement of regional currencies such as the Singapore dollar (SGD) and the Korean won (KRW).
Other support comes from the strengthening of the currency return EUR / USD Friday night, a result of the risk appetite continues to rise marked by positive Wall Street.
The rupiah exchange rate based on data obtained from trade yahoofinance on Monday (8 March 2010) to a level close higher Rp9.175 per USD, compared to trading this morning at the level of each CAD Rp9.205. Meanwhile, according to Bank Indonesia (BI), closed at the level of each CAD Rp9.200.
Meanwhile, according to data from the bulletin Valbury Securities, risk-appetite of global investors has again increased since the emergence of the prospects for improvement are optimistic the U.S. economy (the U.S.) and has meredanya deficit issue in Greece.
Wall Street goes through the strengthening of the average 1.5% last Friday, covering measures to strengthen its loss this year. Even the Nasdaq has been able to penetrate the high-level this year to 8 months newhigh during 2327.03.
This release is triggered by the improvement in nonfarm payroll data and U.S. consumer credit that reinforces the interests of investors of the assets at risk, such as stocks and assets? High-yield assets, such as the eyes of the money was a yield (interest rate) is higher, including commodities.
Global sentiment has also improved after European officials believe that the new plan from the Greek (for austerity measures) will be very useful to push the deficit, so do not need to do some bailout.
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