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Wednesday, November 5, 2008

Investors Exercise, Indonesian Rupiah slowgoing

This morning rupiah to appear with the opening of a 100-point increase of 10,750 points from a position of closing trading yesterday afternoon. However, when the rupiah this position be located on the 10,950 per dollar, the decline of the dollar amount of 100 points.

(Vibiznews - Economy) - In trading today, that the rupiah exchange rate still can not move penetrate the level positive (05/11). After opening the experience was appreciation, the exchange rate of local currency this move had some time off after opening.

This morning rupiah to appear with the opening of a 100-point increase of 10,750 points from a position of closing trading yesterday afternoon. However, when the rupiah this position be located on the 10,950 per dollar, the decline of the dollar amount of 100 points.

Conditions in the stock market shows that the increase seems in fact to make the investors speculate there will be no profit Taking action. Bei Rally for three days potentially detained today, although the stock exchange in Asia to increase the stock increase Wall Street.

Rupiah in the trade today seems to be moving with the volatil on positf and negative territory. Rupiah is expected to be encountered in the Resistance-support level from 11,000 to 10,500 per dollar. However, this week is expected to be picked up rupiah with the hope of cutting the BI rate tomorrow on Thursday.


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