The Indonesian currency traded at the level of 11,277 per dollar gaining from the earlier level of 11,316.
The US dollar weakened on US labor data not up to market expectation raising doubt that the Fed would be aggressive in trimming its financial stimulation, head of the Monex Investindo Futures Ariston Tjendra said
Ariston said a report issued by the US labor ministry showed that non farm payroll in March grew 192,000, while economist predicted new jobs created in that country reached 200,000 and unemployment rate was stable at 6.7 percent.
However, the US dollar may regain strength before the release of the result of the Federal Open Market Committee (FOMC) meeting on plan to cut the financial stimulus.
Financial market observer from Bank Himpunan Saudara Rully Nova said domestic sentiment is strong enough to keep the rupiah in the positive area .
"Domestic economic data such as inflation being stable and trade surplus would prop up rupiah," Rully said.
He said fundamentally this week rupiah is expected to hover around 11,300--11,400 per dollar.(*)
Editor: Heru Purwanto
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