The weakening Rupiah carefully

The rupiah is expected to move with the trend of consolidation to weaken this week. Reported about the euro zone is still a determinant for the movement of dollars this week.

That was said by analysts of BNI Treasury Unit, Klara Pramesti, inJakarta, Monday (14/05/2012).

Europe's economic fundamental data such as gross domestic product, inflation and economic sentiment is an important data which can affect the rise and fall of rupiah. Indication of the strength of the supremacy of the U.S. dollar against other major currencies come to give a negative sentiment for dollars.

Moreover, market expectations of them think that safe haven is still the mainstay for the placement of the rupiah strengthening its portfolio of potential loosening.

Meanwhile, the lack of economic data Indonesia which will be released next week likely to make the move less volatile rupiah. Overshadow the lack of positive sentiment Indonesia rupiah predicted participate withstandfluctuations.

Tug global sentiment that will affect market transactions allegedly made investors hold a portfolio in rupiah. But through the help of Bank Indonesia intervention opportunities for the strengthening of rupiah.