Is the Rupiah Settling at Rp 13,000 per USD?
Tuesday, April 7, 2015
When traders are asked whether the current Rp13,000 per USD level is the currency's comfort zone? You'd most likely get a qualified answer. Even those that confirm say it is temporary. But how long is temporary?
Here, you get a mixed response.But most will point to when the Fed will raise US interest rates. Those that interpret the most recent US economic numbers as a weak recovery, expects a delay in the US rate hike to the third or fourth quarter of this year.Others that interpret the same numbers as a more solid recovery foresee an earlier mid-year rate hike.
When traders are asked whether the current Rp13,000 per USD level is the currency's comfort zone? You'd most likely get a qualified answer. Even those that confirm say it is temporary. But how long is temporary?
Here, you get a mixed response.But most will point to when the Fed will raise US interest rates. Those that interpret the most recent US economic numbers as a weak recovery, expects a delay in the US rate hike to the third or fourth quart
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