Positive Sentiment Not Appearing Rupiah Still Weak
By : Wiyanto And Aldo Bella Putra | Monday, May 07 2018 - 12:30 IWST

IHSG (Foto/Rizki Meirino)
INDUSTRY co.id - Jakarta-Rupiah is estimated to move within the range of support range 13942 and resistance 13929. Rupiah movement is still in weakening trend as there is still a potential rise in USD where domestic sentiment is still minimal to lift the rupiah.
Binaartha Institutional Research analyst Reza Priyambada said the rupiah was not lifted despite the positive news from the Financial Services Authority (OJK) that ensures the capital of 15 systemic banks as mandated by the Law on Prevention and Crisis Response of Financial System (PPKSK) in safe condition is also ignored by market participants .
"Therefore, the panic is expected to ease and domestic sentiment can be more positive to attract market participants against the rupiah so that the weakening can be more restrained," he said in Jakarta, Monday (7/5/2018).
Previously, he said, the rate of Rupiah at the end of the week tends to flat after the rise near the psychological level of Rp 14 thousand. The movement of the USD is still likely to strengthen against a number of other currencies despite US employment data in April below estimates. The US economy added jobs lower than expected and although the unemployment rate dropped to near the lowest level of 3.9 percent.
"On the other hand, BI's feeling of security is still safe with the weakening of the rupiah did not get a positive response from market players," he said.
Today's Industry

Rabu, 04 Oktober 2023 - 09:50 WIB
Mrs. Iriana and OASE KIM Test the Whoosh Fast Train
Mrs. Iriana Joko Widodo together with a number of members of the Advanced Indonesian Cabinet Era Solidarity Action Organization (OASE KIM) left for West Java Province, on Tuesday (03/10/2023).

Rabu, 04 Oktober 2023 - 08:40 WIB
President Jokowi: Korpri is a big force that determines the nation's progress
Indonesian President Joko Widodo (Jokowi) emphasized that with 4.4 million members, the Indonesian Civil Service Corps (Korpri) is a major force determining the nation's progress.

Rabu, 04 Oktober 2023 - 07:15 WIB
Commemoration and Collaboration: 78 years of Indonesia’s Independence, 10 years of Indonesia-Viet Nam Strategic Partnership
Hanoi, Viet Nam - More than 500 guests, including government officials of Viet Nam and ambassadors, attended the commemoration of the 78th anniversary of the Independence Day of the Republic…

Rabu, 04 Oktober 2023 - 06:15 WIB
Thousands Attend, Enliven Establishment of Amigos de Indonesia in Colombia
Thousands attended the establishment of Amigos de Indonesia / Friends of Indonesia in Colombia, which began with the performance of the national anthem Indonesia Raya.

Selasa, 26 September 2023 - 07:45 WIB
ESSA Secures Gas Contract Extension for LPG Refinery
PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…
News Comment