Jakarta, shesocial Indonesia
—
Exchange rate
rupiah
opened at IDR 16,742 per
US dollars
in spot market trading on Wednesday (5/11) morning.Garuda’s currency fell 34 points or minus 0.20 percent.
The majority of Asian currencies weakened this morning.The Hong Kong dollar fell 0.01 percent, the Singapore dollar minus 0.02 percent, the Malaysian ringgit fell 0.05 percent, the Philippine peso fell 0.36 percent, and the South Korean won fell 0.58 percent.
Meanwhile, strengthening was experienced by the Thai baht which rose 0.03 percent, the Indian rupee grew 0.14 percent, and the Japanese yen added 0.31 percent.
ADVERTISEMENT
SCROLL TO CONTINUE WITH CONTENT
On the other hand, the main currencies of dominant developed countries opened weakly.The British pound fell 0.04 percent, the European euro strengthened 0.03 percent, the Swiss franc plus 0.15 percent, the Australian dollar minus 0.27 percent, and the Canadian dollar fell 0.09 percent.
Doo Financial Futures analyst Lukman Leong predicts that the rupiah will still be under pressure from the US dollar which has strengthened again.The Rupiah is expected to consolidate today with limited potential for weakening.
“Investors are waiting and looking forward to the release of Indonesia’s third quarter gross domestic product (GDP) data this afternoon,” said Lukman to
shesocialIndonesia.com.
He estimates that the rupiah will move in the range of IDR 16,650 to IDR 16,750 per US dollar today.
[Gambas:shesocial Video]
(skt/pta)
Read More: Controversy colored Liverpool’s victory over Madrid
