Tapering Policy Seen to Weaken Rupiah against Dollar


Jakarta - The rupiah exchange rate against the US dollar on Friday (5/11) is likely to be depressed amid the tapering policy, which is still being considered by the market.

"The market is also waiting for the government's version of the US employment data for October which will be released tonight. This data will be taken into consideration by the US Central Bank to increase its benchmark interest rate if the data improves," said Money Market Observer Ariston Tjendra in Jakarta.

As for last Wednesday, the private version of the US employment data showed good numbers exceeding expectations. So tonight's data may also be good, and the US dollar has a chance to strengthen again.

The potential for weakening the rupiah exchange rate is in the range of 14,380-14,400 per US dollar, with potential support of around 14,320 per US dollar.



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