"The rupiah was under pressure of the Feds decision to further cut its financial stimulus from US$75 billion to US$65 billion in February," Monex Investindo Futures analyst Zulfirman Basir said.
Zulfirman said the market players were worried that the Federal Open Market Committee (FOMC) meeting would continue to end with a decision to phase out the Feds stimulus until the asset buying program is entirely stopped by the end of this year.
The market investors are also awaiting with nervousness publication of the countrys economic data by the Central Statistic Agency (BPS).
"The jitter is over inflation, current account deficit, and economic growth," he said.
Rully Nova, a financial market analyst from Bank Himpunan Saudara, said the market is seeking a new momentum to determine further investment steps.
"After the FOMC, the market will look for new sentiments from external and domestic economic data," he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2014
