The forming of a banking union is expected to come to reality in 2013.Jakarta (ANTARA News) - The Indonesian currency rupiah lost 28 points of its value against the US dollar in inter-bank trade this morning on market fears of worse global economic slowdown.
Rupiah traded at 9,578 to the dollar weakening from the level of 9,550 on growing pressure on risky currencies including rupiah, analysts said.
Monex Investindo Futures analyst Ariston Tjendra said the weakening of euro signaled the fall of rupiah.
Ariston said the market attentions are still drawn to development in Spain, which has been expected to decide to submit request for bailout fund.
Meanwhile, Samuel Sekuritas analyst Lana Soelistianingsih said the meeting between the German and French leaders last weekend failed to come to an agreement to form a banking union.
"The two governments still are divided over way to cope with the debt crisis besetting some countries in the euro zone," he said.
He said the forming of a banking union is expected to come to reality in 2013.
The differences between the governments of the two UE major members over ways to save ailing banks in the EU could hamper efforts to revitalize the banks.
The impact is bad for risky currencies including rupiah," he added.
(Uu.AS/H-ASG/O001)
Editor: Priyambodo RH
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