Jakarta, hitclubapk3 Indonesia
—
Exchange rate
rupiah
opened at Rp. 16,714 per
US dollars
in spot market trading on Friday (19/12) morning.Garuda’s currency rose 9 points or strengthened 0.05 percent.
Meanwhile, the majority of Asian currencies were sluggish this morning, such as the Thai baht and Singapore dollar fell 0.05 percent, the Japanese yen fell 0.10 percent, and the South Korean won collapsed 0.29 percent.On the other hand, the Hong Kong dollar and Chinese yuan were seen to stagnate.
Strengthening was experienced by the Philippine peso which rose 0.03 percent, the Malaysian ringgit grew 0.10 percent, and the Indian rupee added 0.13 percent.
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Meanwhile, the main currencies of developed countries opened mixed.The British pound strengthened 0.01 percent, the European euro rose 0.02 percent, the Swiss franc minus 0.04 percent, the Australian dollar grew 0.03 percent, and the Canadian dollar slumped 0.01 percent.
Doo Financial Futures analyst Lukman Leong predicts the rupiah will strengthen against the US dollar, following inflation data showing price pressures in America are easing.This is claimed to increase the prospect of the Fed cutting interest rates.
“However, strengthening may be limited, considering that the rupiah is still under pressure from the prospect of a cut in Bank Indonesia (BI) interest rates,” Lukman told
hitclubapk3Indonesia.com
.
He estimates that the rupiah will move in the range of IDR 16,650 to IDR 16,750 per US dollar today.
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(skt/pta)
