USD Weaken Opponents Euro, Rupiah Opened Stronger Thin
The rupiah against the US dollar (USD) in the morning session opened higher, though not too high compared to yesterday's close. This condition in the middle strengthened the euro against the USD.
The position of rupiah based on the reference rate of Jakarta Interbank Spot Dollar Rate (Jisdor) BI, this morning opened at the level of Rp13.539 / USD or strengthened from yesterday's trading position at the level of Rp13.542 / USD.
According to SINDOnews data sourced from Limas, the rupiah opened at the level of Rp13.537 / USD or better than the previous closing position at the level of Rp13.555 / USD.
Based on Bloomberg data, the morning session opened at Rp13.548 / USD level or improved from yesterday's closing position at the level of Rp13.551 / USD and at 10:06 WIB moved stronger to the level of Rp13.541 / USD. Rupiah itself moves with the level range Rp13.534-Rp13.549 / USD.
Yahoo Finance data shows the rupiah in the opening session of trading today at the level of Rp13.548 / USD or strengthened from the previous closing level at Rp13.550 / USD. However, at 10,000 WIB, the move strengthened to the level of Rp13.539 / USD with the level range Rp13.530-Rp13.550 / USD.
As quoted by Reuters today, the euro remained close to a 2.5-week high in early Asian trade today, getting a boost from upbeat German economic data as investors awaited US consumer inflation data later in the global session.
USD slightly fell to 1.1791 against the euro after surging more than 1% in the previous session. It is moving away from the lowest level of 3.5 months in the position of 1.1553.
The euro's rise pushed the USD index that tracks the US currency against six major rivals. It stabilized on the day at 93.856 or weakened at its lowest level since late October and well below overnight at 94.542.
Germany's seasonally adjusted gross domestic product rose 0.8% in the quarter, beating the Reuters opinion polls by 0.6%. Investors are awaiting US consumer inflation data for October forecast to show marginal rise in consumer prices.
"If it weakens, then it could suppress the probability of a Fed rate hike in December," said Jeff Kravetz, investment strategist at Bank Wealth Management.
USD against the yen slightly down to 113.43, remained well below the highest level in eight months at 114.735 levels last week.
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