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Home arrow News & Events arrow Rupiah Still Weaken
Rupiah Still Weaken PDF Print
Wednesday, 04 March 2009

Rupiah WeakenBuy Strength on US Dollar weaken Rupiah despite Bank Indonesia intervention.

At present US Dollar strengthen to global currency because US Dollar considered as Safe Haven Currency although US is the source of global economic disaster.

Rp. 12.000 level considered as psychological level (level where Bank Indonesia will hold Rupiah) by money currency traders. Yet, Bank Indonesia can't strengthen Rupiah due to strong pressure on Rupiah. As for other actions besides US Dollar intervention, Bank Indonesia also applying restriction on US Dollar transactions.

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