Jakarta (Antara Bali) - The Indonesian currency rupiah gained against the US dollar in inter-bank transaction in the opening trade on Monday.
Rupiah traded at the level of 11,414 from the level of 11,439 earlier. "Rupiah is still in the trend of strengthening. Technically rupiah is coming out of a situation of being under pressure," Monex Investindo Futures' analyst Zulfirman Basir said.
Fundamentally optimism still prevailed with investors still having confidence in the country's economy ahead of the legislative election next month, he said.
However, market players still are cautious about uncertainty about the policy of the US central bank over its financial stimulus and interest rate.
Chief researcher of Trust Securities, Reza Priyambada, said market players are caution in their response to the low projection of Indonesian economic growth by the World Bank.
The world bank predicted the country's economy would grow only at 5.3 percent or below the government target5. The political sentiment with euphoria over the nomination of a popular presidential candidate Joko Widodo had been over
The announcement of the Jakarta governor as a presidential candidate by Indonesian Democratic Party of Struggle sent the share price high with rupiah gaining. (*/DWA)
COPYRIGHT © ANTARA News Bali 2014
Rupiah traded at the level of 11,414 from the level of 11,439 earlier. "Rupiah is still in the trend of strengthening. Technically rupiah is coming out of a situation of being under pressure," Monex Investindo Futures' analyst Zulfirman Basir said.
Fundamentally optimism still prevailed with investors still having confidence in the country's economy ahead of the legislative election next month, he said.
However, market players still are cautious about uncertainty about the policy of the US central bank over its financial stimulus and interest rate.
Chief researcher of Trust Securities, Reza Priyambada, said market players are caution in their response to the low projection of Indonesian economic growth by the World Bank.
The world bank predicted the country's economy would grow only at 5.3 percent or below the government target5. The political sentiment with euphoria over the nomination of a popular presidential candidate Joko Widodo had been over
The announcement of the Jakarta governor as a presidential candidate by Indonesian Democratic Party of Struggle sent the share price high with rupiah gaining. (*/DWA)
Editor : Dewa Sudiarta Wiguna
COPYRIGHT © ANTARA News Bali 2014