Such hope is virtually dashed by a number of US economic data."Jakarta (ANTARA News) - The Indonesian currency rupiah gained on Friday opening trade on a number of US economic data not up to expectation.
Rupiah traded at the level of 9,790 gaining 110 points in inter-bank transaction from the level of 9,900 to the US dollar.
"US data of unemployment rate, which was not as expected triggered dollar selling action heaping pressure on the US currency against the world`s currencies including rupiah," Monex Investindo Futures`s chief researcher Ariston Tjendra said.
Ariston said the condition gave rise to optimism that the Fed would not cut its monetary stimulus in short term.
Earlier the Fed leaders hinted plan to reduce stimulus if the unemployment condition improved.
"Such hope is virtually dashed by a number of US economic data," he said.
Trust Securities chief researcher Reza Priyambada said rupiah has stayed in the positive area with a number of other Asian currencies strengthening .
He warned, however, that rupiah could still dive with the plan to raise the prices of subsidized oil fuels and the country`s trade deficit.
"Domestic sentiments are still negative for rupiah, but Bank Indonesia is still in the market to keep the currency from falling to cross the level of 9,900 per dollar," he said.
(Uu.H-ASG/O001)
Editor: Priyambodo RH
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