Economic Info

 Rupiah exchange rate was at Rp14295 


US dollar in spot market trading on Friday 4 June this position weakened 10 points or 0.07% from Rp14 285 rupiah  US dollar on Thursday 3 June majority of Asian currencies were in the red zone South Korean won weakened 36% Malaysian ringgit minus 0.6% Thai baht minus 0.06% and Singapore dollar minus 0.02% but the Chinese yuan strengthened 0.01% Hong Kong dollar 0.01% Philippine peso 0.01% and Japanese yen 0.0 1% Likewise with the major currencies of developed countries the majority weakened from the US dollar, only the Russian ruble strengthened 0.01% and the Australian dollar 0.02% while the Canadian dollar weakened 0.09% - the Swiss franc minus 0.04% British pounds minus 0.03% and the European Euro minus 0.01% money market analysis Ariston Tjendra estimates that the rupiah will weaken in the range of Rp. 14250 to Rp. 14330 per US dollar throughout the day. jobless claims labor data and activity index us the service sector In the US also improved. The improving economic data opens up opportunities for changes in monetary policy to a tighter direction and this triggers the strengthening of the US dollar, said Ariston.

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