The Indonesian currency traded at Rp9.613 per dollar in the Jakarta interbank spot market on Friday evening, strengthening 15 points compared to Rp9,628 per dollar the day before.
"The exchange rate of risk currencies including the rupiah strengthened against the dollar as market players are optimistic that the eurozone economy will recover in the second semester of 2013," the head of Monex Investindo Futures` research unit, Ariston Tjendra said on Friday.
The president of the European Central Bank (ECB) had stated that fiscal consolidation in the eurozone will have a negative impact on the economy. However, the impact will be temporary, he said.
"The economic recovery will start in the second semester of 2013," he said.
Trust Securities analyst Reza Priyambada meanwhile said the rupiah`s movement had not made a significant change as many investors are waiting for the US step to tackle the fiscal cliff.
The negative sentiment arising from a decline in Japan`s retail sales and South Korea`s manufacturing index also has obstructed the rupiah`s movement, he said.(*)
Editor: Heru Purwanto
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