Amount expected to be stronger in today’s trading. This is due to positive investor sentiment positive towards the regional market investors, which last night dow jones share price rose 200 points recorded.

“Plus the euro is starting to strengthen against the US $ from 1.9 to 1.21 to make the position fueled rupiah would come up,” says Head of Research and Futures analyst PT Monex Investindo to okezone Johannes Ginting, Friday (06/11/2010).

According to him, strengthening the rupiah is still very dependent on the latest situation in the European crisis and if you see two days before a positive increase on the opening day of this amount tends to a positive direction.

“Rupiah is expected to strengthen to a level between Rp9.150-9180 per US $,” he explained

But it was likely to weaken rupiah will return to the level of Rp9.300 per US $. This is due to negative sentiments from the European crisis.

In trading yesterday, the rupiah closed victorious and not affected by the weakening of the Composite Stock Price Index (CSPI).

Based on data from yahoo finance, the rupiah was trading on Thursday (10/6/2010) closed at Rp9.232 level, five after previous open Rp9.252 level, 5 per US $.

Meanwhile, according to data rates when the central Bank Indonesia (BI) rupiah closed at the level Rp9.250 per US $. The strengthening of world oil prices at USD74 per barrel level to be one trigger of the strengthening rupiah.

Tags: currency, money, trading

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