Rupiah Flat at 12,160 per US$
26 November 2014 06:16 WIB
TEMPO.CO, Jakarta – The lack of positive sentiments from domestic and external economic data puts the rupiah in a flat zone. In yesterday's currency trade, the rupiah fell 11 points (0.09 percent) to close at Rp12,164 per US dollar.
Monex Investindo Futures analyst Zulfirman Basir said the rupiah will tend to stabilize at around Rp12,160 per US dollar. Market participants will likely wait for more data releases in the beginning of the month before making an investment decision.
"If there is no improvement in the economic fundamentals, the worst case scenario for the rupiah is to slump to Rp12,300 [per US dollar] at the end of the year," he said.
For today, Zulfirman predicted the rupiah to move sideways between Rp12,130 and Rp12,180 per US dollar.
M. AZHAR