Rupiah Sluggish to IDR 16,656 per US Dollar This Morning

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Jakarta, hitclubapk3 Indonesia

Exchange rate
rupiah
opened at Rp. 16,656 per
US dollars
in market trading
spots
on Friday (5/12) morning.Garuda’s currency fell 3 points or weakened 0.02 percent.
However, the majority of Asian currencies strengthened this morning.The Chinese yuan rose 0.03 percent, the Singapore dollar grew 0.04 percent, the Japanese yen and Thai baht strengthened 0.05 percent, the South Korean won flew 0.15 percent, the Indian rupee shot up 0.24 percent.
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Meanwhile, the Hong Kong dollar fell 0.01 percent, the Philippine peso minus 0.09 percent, and the Malaysian ringgit weakened 0.09 percent.
On the other hand, the main currencies of developed countries opened solidly.The British pound strengthened 0.05 percent, the European euro rose 0.08 percent, the Swiss franc added 0.05 percent, the Australian dollar grew 0.07 percent, and the Canadian dollar rose 0.05 percent.
Doo Financial Futures analyst Lukman Leong predicts that the rupiah will weaken against the US dollar
rebounding.
A breath of fresh air for Uncle Sam’s currency emerged after US jobs data in the form of unemployment claims turned out to be better than expected.
“However, the weakening will be limited. Investors are waiting for data on Indonesia’s foreign exchange reserves (cadev) this afternoon,” said Lukman to
hitclubapk3Indonesia.com.
He estimates that the rupiah will move in the range of IDR 16,600 to IDR 16,700 per US dollar today.
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