"The rupiah did not change much in value this week. This week many data and agenda expected by market players to determine the directions of the movements of financial market instrument," market analyst Ariston Tjendra said here on Tuesday.
Ariston said announcement of monetary policy by the US central bank will answer market expectation of quantitative 3 (QE3).
"However, some analysts said that QE3 would not be released this month," he said, adding "if QE3 expectation failed the dollar will rise again."
He said the market hoped the European Central Bank could do more to sort out the problem besetting the euro zone.
Analysts predicted there would be no cut in interest rate but they expected large disbursement of soft loans and buying of government bonds in secondary market, he said.(IGT)
: Masuki
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