PT Equityworld : GOLD PRICE NOVEMBER 16 Starred In Trading Yesterday, Listen Movement Today

PT Equityworld-Samuel Sekuritas predicts Indoenesia rupiah movement in trading Wednesday (16/11/2016) will be affected by the meeting of the board of governors meeting (RDG) of Bank Indonesia.

Economist Samuel Sekuritas Indonesia Rangga Cipta said the rupiah was stable at Rp13.300 although some exchange rates in Asia have started higher on Tuesday.

Meanwhile, investor focus now switches to the announcement this afternoon RDG BI predicted RR maintain the BI rate at 4.75%. Currently BI view of external shocks that suppress rupiah will only be temporary. BI is also still active in the foreign exchange market and government securities in order to stabilize prices in the middle of the outflow of foreign funds rushing.

Read : PT Equityworld : GOLD PRICE NOVEMBER 16 Starred In Trading Yesterday, Listen Movement Today

"The rupiah depreciation is likely corrected today although generally the external pressure is maintained. The focus is also focused on the decision of his case Ahok case today," he said in a research.

Meanwhile, crude oil prices rose sharply on speculation production cuts by OPEC back up. However, on the other hand, US manufacturing data improved amid Trump Effect maintain the upward trend in the US dollar index up early this morning to stay above 100. "The easing of shock in the global market opportunity to correct the sharp weakening exchange rate of the majority of developing countries."

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