Rupiah against the U.S. dollar on Thursday (4/12/2012) morning, rose by 35 points, responded positively to the bond purchase program of the European Central Bank (ECB) to assist with the debt problems of Italy and Spain.
Exchange rate of rupiah in Jakarta interbank ditransaksi Thursday morning rose 35 points to $ 9150 than ever before in the position of Rp per $ 9,185.
Monex Money Market observers Investindo futures, said Johanes Ginting here on Thursday that the domestic currency strengthened against the dollar as speculation about the program continues to relieve them of the ECB purchases, leading to tension in the bond market, which has been hit by debt problems of Italy and Spain.
"Conditions that strengthen the euro against the dollar and make a positive impact on the rupiah. ECB said that the program is a bond purchase option remains, it seems that there will be spike in bond yields 10-year-old tenor Italy and Spain managed to reduce, "he said.
He added that the conditions it shows investors are very sensitive to the level of return are. Although the comment is a bit vague, the ECB has brought positive sentiment in financial markets. "The politicians are still trying to maintain the stability of asset markets and will probably do what is necessary," he said.
Added in the meantime, market analysts, Civil Society, the Bank Rully Nova, the state of China is experiencing high inflation and a decline in exports may be one of the negative sentiment in the future. "The conditions are still minimal global positive mood will lead to money market participants holding back the dollar against major currencies, including the risk of the rupiah," he said.
Nevertheless, he continued, BI is still intervene in the exchange rate in order to penetrate not maintain the level of domestic Rp 9200 per U.S. dollar for domestic economic growth. He was underestimated, the rupiah stable, but with a tendency, in the depressed range from Rp 9160 to Rp 9190 per dollar move today.
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