ID :
32639
Thu, 11/27/2008 - 16:09
Auther :
Shortlink :
http://m.oananews.org//node/32639
The shortlink copeid
RUPIAH PLUNGES 150 POINTS EARLY THURSDAY
Jakarta, Nov. 27 (ANTARA) - The rupiah tumbled against the US dollar in the Jakarta interbank spot market early Thursday as US dollar purchases continued in the run up to the year end.
The rupiah traded at Rp12,150/Rp12,250 per US dollar, down 150 points from Rp12,000/Rp12,150 per US dollar a day earlier.
PT Bank Himpunan Saudara Tbk.'s foreign exchange analyst Rully Nova said here on Thursday that the rupiah was still searching for a new equilibrium point.
"The exchange rate at above Rp12,000 per US dollar has made the domestic money market sluggish," he said.
In fact, all foreign currencies throughout the world have depreciated against the US dollar, meaning that the whole world is seeking for equilibrium.
"The current condition shows as if that the US dollar strengthened, but the US economic is, in fact, in discouraging condition," he said.
He said that even the US dollar was looking for a new equilibrium, and the US economy was transforming into a new form, which was still unknown.
It would be hard for the rupiah to return to below Rp10,000 per US dollar, he said.
The rupiah traded at Rp12,150/Rp12,250 per US dollar, down 150 points from Rp12,000/Rp12,150 per US dollar a day earlier.
PT Bank Himpunan Saudara Tbk.'s foreign exchange analyst Rully Nova said here on Thursday that the rupiah was still searching for a new equilibrium point.
"The exchange rate at above Rp12,000 per US dollar has made the domestic money market sluggish," he said.
In fact, all foreign currencies throughout the world have depreciated against the US dollar, meaning that the whole world is seeking for equilibrium.
"The current condition shows as if that the US dollar strengthened, but the US economic is, in fact, in discouraging condition," he said.
He said that even the US dollar was looking for a new equilibrium, and the US economy was transforming into a new form, which was still unknown.
It would be hard for the rupiah to return to below Rp10,000 per US dollar, he said.
