JAKARTA (IFN) - The rupiah traded among banks in Jakarta, Monday (30/3) morning, move strengthened slightly by nine points to Rp13.056 Rp13.065 position than ever before in the US dollar.
"The rupiah is still moving in a narrow range of investors to the following wait Indonesia's economic data releases in early April," said Head of Research NH Reza Priyambada Korindo Securities Indonesia in Jakarta, Monday.
According to Reza, the rupiah is still limited by expectations of future inflation forecasts after the government raised the price of fuel oil (BBM).
Meanwhile, he added, on the other hand the sentiment associated external interest rate hikes by the Federal Reserve or the Fed also still haunt following the announcement of the US jobless claims which declined and manufacturing has increased.
That situation led to the perception of the possibility of acceleration will increase interest rates by the Fed. "Stay examine and anticipate that sentiment pushed for currency weakening rupiah, mainly from external," he said.
Platon Niaga PT Futures analyst Lukman Leong added that external sentiment on Fed interest rate hikes still dominate the domestic foreign exchange market to market players tend to take the position of waiting.
"The Fed will continue to overshadow the currencies of developing countries of the world including the rupiah to the certainty. That factor that makes the exchange rate has not climbed higher," said Lukman.
He expects the government to focus more again to keep the domestic economy, especially micro, during the government tends to lead to macro policies such as infrastructure development.
"Care for macro and micro-economics as expected, the expected price of staple foods did not increase suddenly as it did in the price of rice," he said.
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