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Rupiah closes at Rp 12,892 per dollar on Friday
The rupiah interbank trade rate in Jakarta closed on Friday at Rp 12,892 per US dollar, down 24 basis points from Rp 12,868 per US dollar in previous trade
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he rupiah interbank trade rate in Jakarta closed on Friday at Rp 12,892 per US dollar, down 24 basis points from Rp 12,868 per US dollar in previous trade.
'The US dollar continues its domination in the financial market following a statement by the head of the Federal Reserve's St. Louis branch that the Fed fund rate was likely to rise between June and September this year,' Monex Investindo Futures head of research Ariston Tjendra said as quoted by Antara news agency.
Ariston said the statement caused the majority of currencies across Asia to weaken in final trading, including in Indonesia
In addition, he said that healthy data on the US' durable goods and consumer products resulted in the US dollar appreciating in the global market.
However, the country's stable economic fundamentals prevented the domestic currency from falling significantly in the closing session.
Separately, PT Platon Niaga Berjangka analyst Lukman Leong said market players were optimistic that macroeconomic data to be released by the State Statistics Agency (BPS) next Monday would be as good as players previously expected.
'Indonesia is predicted to record a surplus in its trade balance and the inflation rate will still be relatively low,' Lukman said.
Meanwhile, Bank Indonesia data show that the rupiah traded at Rp 12,863 per US dollar, depreciating from Rp 12,862 per US dollar in closing trade on Thursday. (nfo)(+++)
