USD/IDR Higher; 9.060-9,120 Range Tipped

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Senin, 21 Mei 2012 | 16:12 WIB

Jimmy Hitipeuw | Senin, 27 Februari 2012 | 09:31 WIB

JAKARTA, KOMPAS.com - The USD/IDR is higher at 9,100, from 9,060 late Friday in Asia in light volume, tracking a firmer dollar against most regional currencies, dealers say.

“Buying by importers to finance imports at the end of the month has also driven the dollar higher,“ says a dealer with a local bank. She adds a further selloff by foreign funds in the local equities market could also prompt investors to sell the IDR.

On Friday, foreigners were net sellers of IDR893 billion worth of shares. Dealers expect the pair in a 9,060-9,120 range for the rest of the session.

Sumber :

Dow Jones