Global Factors May Support Rupiah Strengthening to Dollar


In trading Monday (19/4), it has the potential to strengthen to 14350 with a resistance range of 14600

Money market observer Ariston Tjendra said the improvement in economic data from major economies such as the US and China last week and this morning, an increase in Japan's export data helped provide positive sentiment to the market.

"Positive sentiment also came from US Treasury yields which remained below 1.60% at the end of last week," he said in Jakarta.

Domestically, Indonesia's trade balance surplus in March could also help strengthen the rupiah.

But on the other hand, the dividend season that has started on the IDX could affect the weakening of the rupiah because the companies need dollars for dividend payments.


Penulis : Widya