Stock Domestic Support Rupiah

In trading on the Forex market today, Monday (5/14/2012), the rupiah potential move with the trend of consolidation. According to analysts of BNI's Treasury Unit, market participants indicated that vigilance will still be affected by the issue of Europe's debt crisis.

This situation led to his limited opportunities would further support the rupiah movement of the supremacy of the U.S. dollar. China's central bank called for the news will cut China's banking minimum reserve requirement by 50 basis points by May 18 next following cues signaling the rise of the stock of domestic currency persistence of RI.

While the organization of auctions of government securities targeted Rp 6trillion opportunity to attract foreign funds flow into the domestic economy and the potential to increase energy for dollars.

On Friday (11/52012), the rupiah closed lower in thin level of 9190 perU.S. dollar compared with the opening level and positioned at 9180 perU.S. dollar, after moving in the range of 9135-9190 per U.S. dollar. The continuing problem of Greek political deadlock that threatens the worsening debt crisis and the euro zone trade data of China in April was lower than expected, were pressing the rupiah exchange rate movements.