Lompat ke konten Lompat ke sidebar Lompat ke footer

Yesterday Slightly Strengthened, Peek at Rupiah Predictions for Thursday (24/11)

Yesterday Slightly Strengthened, Peek at Rupiah Predictions for Thursday (24/11)

Andrianus.my.id - The rupiah exchange rate has the potential to continue weakening against the United States (US) dollar on Thursday (24/11). 

The spot rupiah exchange rate slightly strengthened 0.06% to a level of Rp. 15,687 per US dollar on Wednesday (23/11). Meanwhile, the Jisdor rupiah exchange rate strengthened 0.10% to IDR 15,700 per US dollar.

DCFX Futures analyst Lukman Leong said market participants were waiting for the November Federal Open Market Committee (FOMC) minutes to be released tonight. The minutes of the central bank's meeting will provide signals of interest rate policy going forward.

"The rupiah will depend on Powell's speech in the minutes of tonight's meeting which for now is expected to be hawkish.

PT Profit Forexindo Berjangka Director Ibrahim Asjuangbi added that major cities in China are imposing more restrictions to contain the increase in Covid-19 infections which have reached record highs. "The market is concerned that this action will cause more disruption in business activity which could put pressure on China's economy," said Ibrahim.

The recession in 2023 which is feared by almost all countries in the world is likely to come true. This is after the Organization for Economic Co-operation and Development (OECD) predicts global economic growth is projected to fall from 3.1% this year to 2.2% in 2023.

Ibrahim estimates that the rupiah exchange rate against the US dollar will fluctuate open but close lower in the range of Rp. 15,670 per US dollar-Rp. 15,740 on Thursday (24/11). Meanwhile Lukman predicts that the rupiah exchange rate will weaken in the range of IDR 15,650 per US dollar to IDR 15,750 per US dollar.

Posting Komentar untuk " Yesterday Slightly Strengthened, Peek at Rupiah Predictions for Thursday (24/11)"