Rupiah Gains Against US Dollar

Jakarta (Antara Bali) - Indonesian currency rupiah gained  against the US dollar trading at 9,560  on Wednesday morning.

"US manufacture index weakened in August to  49.6  from 49.8  in the previous month," Samuel Sekuritas analyst Lana Soelistianingsih said here Wednesday.

The currency rose 20 points in inter-bank trade  from earlier level of 9,580 gaining on weak performance of the US manufacturing industry, she said.

Index below the level of  50 indicated shrinking production  or contraction, resulting in the dollar fall, she noted.

The dollar fall was also attributable to slowdown of US major trade partners the European Union, Japan and China, she said.

Meanwhile,  Monex Investindo Futures analyst  Johanes Ginting  said rumors about developments in Europe continue to circulate keeping alive the hope that the European Central Bank would announce new steps to cut bond yield and to shore up the regional economy.(IGT/T007)