The US dollar lost more ground against global major currencies after the US projected unstable manpower data, money market analyst Putu Agus of Investindo Futures said here Friday.
"Market players are focusing their attention on the US manpower data comprising non-farm payrolls (NFP), average change in salaries and unemployment rate," he said.
The NFP is projected to reach 206,000 in March, down from 242,000 in the previous month, he said. Average salaries are projected to increase slightly by 0.2 percent and the unemployment rate is expected to remain at 4.9 percent.
The relatively stable inflation rate in March at 0.19 percent has added to the positive sentiment towards the rupiahs exchange rate, money market observer Rully Nova of Bank Himpinan Saudara said.
"The current inflation rate and the inflation rate forecast which show a downward trend have affected the rupiahs exchange rate. With the low inflation rate, the rupiahs exchange rate has the potential to strengthen," he said.
The governments decision to cut the prices of fuel oils and maintain the prices of basic commodities will prevent the inflation rate from rising, he said.(*)
Editor: Heru Purwanto
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