The peaceful rally today, with mass prayers as the main agenda, gave confidence to market players in the countrys economy, Rully Nova, money market observer of Himpunan Saudara Bank, said here on Friday.
"A conducive situation will allow the government to carry out its programs, which will prompt growth in the domestic economy," he said.
Investment inflows from foreign market players, who have a tendency to exit the market place on the slightest of concerns, will also support the countrys economy, he added.
Head of Monex Investindo Futures research Ariston Tjendra said that US dollar is under pressure as a number of market players are yet not sure of US President elect Donald Trumps economic policies.
"Trumps policies to boost growth may put market players at stake. While demographically, US citizens are mostly seniors, and that situation will lead to low productivity rate," said Tjendra.
Additionally, he continued, money market players are also being cautious ahead of US jobs data later this week.
If the US workforce data is above market expectations, the US dollar is likely to strengthen again.
Meanwhile, in the Bank Indonesia middle rate, the rupiahs exchange rate strengthened to 13,524 compared to 13,582 on Thursday.(*)
Editor: Heru Purwanto
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