Chief researcher of Trust Securities Reza Priyambada said rupiah tended to be stable with the market players expecting improved domestic economic data to be annoucned later in the day by the Central Statistic Agency (BPS).
The financial market players were especially awaiting inflation and trade balance data, Reza said.
Improved domestic economic data are expected to offset the negative sentiment brought about by the Feds decision to cut its financial stimulus , he said.
In addition, rupiah is also shadowed by the impact of the depreciation of a number of major global currencies including euro.
"The policy of the central banks of Turkey and South Africa raising their benchmark interest rates would have only short term effect on the currencies of developing nations including rupiah," he said. (*)
Editor: Heru Purwanto
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