Analysts
Association of Brothers Tbk PT Bank Rully Nova, on Thursday said the rupiah is
expected until later this year will range between Rp9.000 to Rp9.100 per
dollar. If the rupiah depressed
near its Rp9.100 per dollar, Bank Indonesia (BI) has intervened in the market,
he said. He added that the rupiah
is continuously monitored BI resulted in local currency will remain in that
range. When the rupiah collapsed
near its Rp9.100 per dollar, then the BI market will aggressively take action
to withstand the pressure negative impact on the rupiah, he said.
According
to him, the rupiah to strengthen the actual chances are, if the world's central
bank plans to menbanjiri U.S. market. With
the flood of dollars in that market, the opportunity to strengthen the rupiah
is very large. But the plan still
has not happened, because the leaders of the world is currently focused on the
problem of the debt crisis in Europe. In
addition, some analysts argue that investors may begin to be careful in taking
positions ahead of EU summit and also the policy meeting European Central Bank
(ECB).
"handling
of the crisis in Europe is not certain, a lot of speculation in the market, conditions
that make investors tend to hold U.S. dollars to make it more secure, "he
said.He added that the global financial markets are also still in trouncing
negative sentiment included in the country after a warning from ratings agency
Standard & Poor's over the potential "downgrade" is threatening a
number of EU countries.Yet rupiah still has room on strengthening long-term
trends in line with Indonesia's economic fundamentals are still positive and
interest rates are still quite high.
