Rupiah traded at the level of 10,845 per dollar in interbank transactions in the first minutes of trading gaining from the previous day`s level of 11,160 earlier.
"The US dollar is on a declining trend with the US economic slowdown," chief researcher of Trust Securities Reza Priyambada said.
In addition, the prospects are encouraging for Indonesian economy with the higher than expected growth of the Chinese economy, he said.
Exports are expected to increase to China giving greater optimism that the country could cut its trade deficit, he added.
Meanwhile, Japan has also made progress toward economic recovery, he said.
Chief researcher of Monex Investindo Futures, Ariston Tjendra, predicted the US dollar would continue to weaken with the US Central Bank stimulus.
Ariston said the United States was able only to provide 148,000 new jobs in September smaller than 193,000 in the previous month.
The Fed, therefore, is expected to postpone plan to cut its monetary stimulus .
Meanwhile, the Jakarta composite share price index fell again to follow the regional trend.
The index of the Indonesian Stock Exchange (BEI) opened 8.94 points or 0.20 percent lower at 4,537.56 with the index of 45 most liquid stocks down 0.30 percent to 761.84 points.
"Asian markets including BEI fell with negative sentiment from the US market last night," Samuel Sekuritas` analyst Benedictus Agung said.
Negative sentiments also came from China which raised its interest rate on its financial market and from Europe with announcement by the European Central Bank Eropa (ECB) to tighten capital regulation, Benedictus said.
He said profit taking after significant increase in share prices on Wednesday would make the index to be easily fall.
A team of technical analysts from Mandiri Sekuritas said the return of foreiogn investors to the domestic market would be positive for the BEI index.
It also predicted that the country`s economy would also improve as indicated by inflation expected to fall in October and narrowing trade deficit.
Regional markets such as Hang Seng recorded a 0.45 percent fall in index to 22,996.36 points with Nikkei-225index down 0.69 percent to 14,325.88 points and that of Straits Times gaining 0.10 percent to 3,207.24 points.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
