Jakarta, hitclubapk3 Indonesia
—
Rupiah exchange rate
opened at IDR 16,631 per
US dollars
in spot market trading on Tuesday (2/12).Garuda’s currency rose 32 points or plus 0.19 percent.
Asian currencies vary.The Philippine peso rose 0.16 percent, the Japanese yen fell 0.10 percent, the South Korean won minus 0.32 percent, and the Thai baht minus 0.19 percent.
Meanwhile, the majority of major currencies in developed countries weakened.The European euro was minus 0.03 percent, the Swiss franc was minus 0.01 percent, the Australian dollar was down 0.05 percent, and the Canadian dollar was minus 0.01 percent.
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Doo Financial Futures analyst Lukman Leong said the rupiah has the potential to strengthen against the US dollar which is still under pressure after data showed a contraction in the US manufacturing sector that was bigger than expected.
“However, strengthening is expected to be limited considering Indonesia’s weak economic data which shows a moderation in inflation and disappointing trade figures,” he told hitclubapk3Indonesia.com
He estimates that the rupiah will move in the range of IDR 16,600- IDR 16,700 per US dollar.
[Gambas:hitclubapk3 Video]
(fby/augt)
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