The crisis triggered Greece, The Strong Rupiah

Sunday, July 3, 2011 Label:
Exchange rate rupiah strengthened against the U.S. dollar (U.S.) to a level Rp8.500, and one sentiment triggered from Greece who made it through austerity measures.

The rupiah on Thursday (30 / 6) afternoon against the U.S. dollar rose 42 points to Rp8.573 per U.S. dollar compared to the previous position worth Rp8.615.

Observers of university money market Malang Chung MA, Muhammad Doddy, when contacted in Jakarta on Thursday, saying that the Greek parliament approved the austerity plan to ward off the risk of default (defaulted) government debt that could destabilize the financial systems of Europe.

"Members of the Greek parliament approved the plan savings of 28.4 billion euros that have been requested by the European Union (EU) and the International Monetary Fund (IMF)," he said.

That way, he added, it raises the peace of market participants in the euro zone and a positive impact on the countries in the world so that world economic growth can be re-stabilized.

"With stability returning prekonomian world, will trigger the flow of funds flowing back to developing countries belong to the country," he said.

He said, with positive fundamentals in the country and yields a fairly sizable foreign funds would trigger entry (capital inflow) into the country.

In addition, he argues, expectations of inflation in June this year became one of the low positive sentiment for the currency exchange rate of rupiah against the U.S. dollar.

"Inflation is expected to lower this month as expected, but food prices are quite high expected inflation reached 0.2 to 0.5 percent and it could be negative sentiment," he said.

Bank Indonesia notes, the middle rates of the rupiah strengthened to Rp8.597 position than the position of the previous day for Rp8.623.

Sources: Antara
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