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Home  >>   Daily News  >>   Indonesia News  >> Economy  >> Rupiah trading at 12,197 per dollar
NEW UPDATES Asean Affairs  7 February 2014  


Rupiah trading at 12,197 per dollar

The rupiah was trading at 12,197 per US dollar as of Thursday morning.

“The rupiah remained stable against the US dollar at the opening of today’s trading session. This shows that investors in financial markets remain cautious,” Monex Investindo Futures' research head, Ariston Tjendra, said in Jakarta on Thursday as quoted by Antara news agency.

He said investors were awaiting the results of a European Central Bank (ECB) policy assessment, set to be announced today (Thursday), followed by the release of US employment data on Friday.

Ariston said investors remained concerned that global growth would continue to slow, as several developing countries were facing economic problems, which would see investors avoid risky assets.

Bank Himpunan Saudara's financial market analyst, Rully Nova, said Indonesia's stronger economic data was regarded as positive by market players, and had helped to stabilize the domestic financial market.

Rully added that the rupiah had also begun to strengthen again since the release of data on controlled domestic inflation, a trade surplus of US$1.5 billion in December 2013 and 5.78 percent growth in Indonesia's economy in 2013.

“Sentiment over the US Federal Reserve’s tapering, which remains vague, is offset by the positive domestic economic data,” Rully added.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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