Jakarta (Antara Bali) - The rupiah  has lost its value against the US dollar on disappointment over European Central Bank's decision falling much short of market expectation.

"In addition to changing no its key interest rate of  0.75 percent, the ECB in its decision yesterday,mentioned nothing about plan to buy sovereign bonds," Samuel Sekuritas analyst Lana Soelistianingsih said here Friday.

The rupiah traded  at 9,460 per US dollar on Friday, or a lost of 25 points from yesterday's closing of inter-bank transactions.

The market reacted negatively to the decision resulting the euro losing more of its value against the US dollar with the impact on the rupiah, Lana said here on Friday

The plan with the bonds was planned to cover budget deficit, she said, adding, possibly the International Monetary Fund had been against the plan.

Monex Investindo Futures analyst Johanes Ginting said the rupiah  could weaken further against the US dollar amid volatile trade after the ECB had "disappointed" the investors, who had expected a concrete step to save the euro zone.(IGT)



: Masuki

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