Rupiah Seen to Strengthen on Falling US Treasury Yield


The rupiah exchange rate (exchange rate) has the potential to strengthen against the dollar on Thursday (3/6) as the 10-year US bond yields fall below 1.60%.

"Yield is now moving below 1.59% and still moving consolidatively following changes in market expectations of changes in monetary policy in the US," said Money Market Observer Ariston Tjendra in Jakarta.

Meanwhile, the rupiah has the potential to move up to 14,250 per US dollar, with resistance at 14,300 per US dollar.

Further, markets are also looking forward to important US employment data tonight and tomorrow evening.

"A good result could encourage expectations of a tighter US monetary policy change in the near future," said Ariston.


Penulis : Widya