Rupiah Strengthens to IDR 16,721 This Morning Ahead of the Weekend

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Jakarta, hitclubapk3 Indonesia

Exchange rate
rupiah
opened at Rp. 16,721 per
US dollars
in spot market trading on Thursday (21/11).Eyes
money
Garuda rose 15 points or plus 0.09 percent.
The majority of Asian currencies strengthened.The Philippine peso rose 0.03 percent, the Singapore dollar plus 0.07 percent, the South Korean won plus 0.04 percent, and the Thai baht rose 0.04 percent.Meanwhile, the Japanese yen rose 0.12 percent.
Meanwhile, the main currencies of developed countries vary.The European euro was minus 0.05 percent, the Swiss franc fell 0.02 percent, the Australian dollar rose 0.09 percent, and the Canadian dollar was stagnant.
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Doo Financial Futures analyst Lukman Leong said the rupiah still has the potential to weaken against the US dollar after economic data including US non-agricultural employment data were stronger than expected.
“However, the weakening is expected to be limited by support from data showing a large surplus in Indonesia’s current account balance yesterday,” said Lukman to
hitclubapk3Indonesia.com
.
Today, he estimates the rupiah will move in the range of IDR 16,650-IDR 16,800 per US dollar.
[Gambas:hitclubapk3 Video]
(fby/dhf)

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