Jakarta – The rupiah rose slightly on Wednesday morning at five points to Rp10.275 per U.S. dollar compared to the previous position Rp10.280.
“The movement of the exchange rate higher but not significantly, the domestic currency fluctuations it is still in a stable condition,” said the Head of Research Securities Trust Reza Priyambada in Jakarta on Wednesday.
He added that the statement of President Susilo Bambang Yudhoyono that Indonesia’s economic fundamentals are still good, also welcomed the positive some market participants.
Nevertheless, he continued, some economic data is still negative as inflation data, foreign exchange reserves, to Indonesia’s trade balance deficit will overshadow the BEI index movement.
He added that market participants are still taking a wait and see position following a meeting of the Fed’s decision in FMOC (Federal Open Market Committee).
“The U.S. dollar is also moving stable against major world currencies ahead of the FMOC decision,” he said.
Head of Research Futures Monex Investindo Ariston Tjendra said recent rumors about the planned reduction of monetary stimulus from the Fed talked about because the U.S. economic data that was released not too bad.
“Conditions that could make the U.S. dollar tends to move higher again,” he said.