This Cause The US Dollar Strengthens For 3 Weeks
It's been three weeks, the dollar exchange rate against the rupiah still continues to strengthen in the position of Rp 13,700-an. From Reuters data this morning, the dollar exchange rate was recorded at Rp 13,757.
Responding to this Head of Research Samuel Asset Management Lana Soelistianingsih explain from the movement of the US dollar value occurs due to a mixture of two conditions namely internal and internal internal.
From the external, according to Lana much of the uncertainty felt by investors. Starting from the issue of The Federal Reserve that will raise interest this week.
Besides, the market sees the Fed Governor Jerome Powell as unpredictable, just as Yellen rises, when the two-week meeting of the dollar strengthens,
He explained, in addition to the policies 'nyeleneh' US President Donald Trump also helped affect the strength of the US dollar against the currencies of other countries.
"President Trump likes to issue statements that make noise, such as trade war, to dismiss his officials,
These things which according to Lana make investors uncomfortable and choose to withdraw the money and hold the US dollars in cash. This is called a save haven currency, because investors will basically look for safe conditions.
this issue of uncertainty occurred since last year until now. This causes investors to take profit-taking or profit-taking and save the US dollar to a more certain condition.
While from within the country, the movement of Rupiah value is influenced by national economic growth indicator. now it is already seen an improvement in infrastructure and business climate, but it is not enough because economic growth is still stagnant.
"Indonesia's economy is less impressive in the eyes of investors, not unfavorable.The other countries are growing higher like Singapore and Thailand then they are relatively better,
In addition, Indonesia's financial market conditions have not been too deep. This causes if there is foreign funds that come out then there is a little shock..