Jakarta (Antara Bali) - The Indonesian currency rupiah weakened to the level of 9,624 to the US dollar from 9,615 in interbank transaction on Thursday morning.
"The currency moved in a limited range as market players are still waiting for the results of the summit meeting in Oct 18-19 of the European Union," Milenium Danatama Sekuritas' analyst Abidin said here Thursday.
Positive sentiment came from international rating agency Moody's which maintained the Spanish debt rating after earlier Standard & Poor's cut the debt rating.
The rupiah, therefore, could move only in a narrow range and could not fluctuate widely, Abidin said.
However, rupiah still has room for strengthening to follow gain recorded by the BEI index, he said.
Monex Investindo Futures' chief researcher Ariston Tjendra predicted rupiah would gain to follow euro which is gaining against the US dollar after the speculation that Spain will ask for bail-out fund next month.(IGT)
COPYRIGHT © ANTARA News Bali 2012
"The currency moved in a limited range as market players are still waiting for the results of the summit meeting in Oct 18-19 of the European Union," Milenium Danatama Sekuritas' analyst Abidin said here Thursday.
Positive sentiment came from international rating agency Moody's which maintained the Spanish debt rating after earlier Standard & Poor's cut the debt rating.
The rupiah, therefore, could move only in a narrow range and could not fluctuate widely, Abidin said.
However, rupiah still has room for strengthening to follow gain recorded by the BEI index, he said.
Monex Investindo Futures' chief researcher Ariston Tjendra predicted rupiah would gain to follow euro which is gaining against the US dollar after the speculation that Spain will ask for bail-out fund next month.(IGT)
Editor : Masuki
COPYRIGHT © ANTARA News Bali 2012