There were only slight fluctuations of the Indonesian currency amid the market players awaiting the results of internal meetings of the Indonesian, Japanese and European central banks, Trust Securities` analyst Reza Priyambada said here on Thursday.
The market players have high expectation that new monetary relaxation policies would come out of the meetings, Reza said.
Relaxation of monetary policies are expected to counter balance negative sentiments from the failure to find a solution to the US fiscal problem, he said.
Meanwhile, the rupiah rising trend is curbed by shrinking quarterly gross domestic product of Australia and prediction that the Euro countries` quarterly GDP would remain unchanged.
Samuel Sekuritas` market analyst Lana Soelistianingsih said Bank Indonesia has banned banks from practicing hedging transactions by using "non delivery forward" (NDF) both in the country and abroad to prevent rupiah speculations.
"All foreign exchange transactions must be with full delivery," Lana said, adding "we predict rupiah will hover around 9,650-9,700 level per dollar," she said.(*)
Editor: Heru Purwanto
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