Anticipation of Fed speeches agent, euro tends consolidationJakarta
- The exchange rate of rupee against the U.S. dollar interbank spot
forex Jakarta, Monday (03.08) provides for the consolidation tends to
increase. The market is expecting a speech from the Fed, Ben Bernanke, governor. Potential consolidation rupee earlier this week that the feeling variatifnya. However,
the rupee tended to strengthen as it provides for the declaration of
Fed.Selain officials, non-farm payroll data weekend will certainly be a
point. Therefore likely to consolidate dollars with a trend towards the order of 9730 to 9770 per U.S. dollar. Focus
on nonfarm payrolls, primarily as a reference sense, dynamic before a
speech in which officials The Fed governor Ben Bernanke will give his
views on the U.S. economy on Tuesday (04.09) and order day Federal Open Market Committee (FOMC), Thursday (11/4). Dollar seems to still be inclined consolidation.
Although data from the United States on Friday evening should weaken the performance of the U.S. dollar, but the market will come back under pressure from the negative investor sentiment that the euro area is expected to decline from -10.6 to -13.1 earlier this week.
However, the rupee can leg positive economic data from Asia which shows memabaiknya economic conditions in the region. In particular, data from the current account of Japan (curret account) has been predicted improved from ¥ -364.8 billion ¥ 466.3 billion. Only the Japanese yen weakened somewhat after the Japan's trade balance has improved.
Estimate of Rs strengthened to consolidate the trend. Therefore, the non-farm payroll data can be bad and must be confirmed still loose monetary policy of the Fed. The market is also anticipating Bernanke's speech dove on Tuesday morning local time, which was also predicted pacifist tone (promoneter bulk). For information, the exchange rate of the rupee against the U.S. dollar in the interbank market spot exchange Friday (04.05) closed unchanged at 9750-9755. [Gang]
News Source: financeroll.co.id
Although data from the United States on Friday evening should weaken the performance of the U.S. dollar, but the market will come back under pressure from the negative investor sentiment that the euro area is expected to decline from -10.6 to -13.1 earlier this week.
However, the rupee can leg positive economic data from Asia which shows memabaiknya economic conditions in the region. In particular, data from the current account of Japan (curret account) has been predicted improved from ¥ -364.8 billion ¥ 466.3 billion. Only the Japanese yen weakened somewhat after the Japan's trade balance has improved.
Estimate of Rs strengthened to consolidate the trend. Therefore, the non-farm payroll data can be bad and must be confirmed still loose monetary policy of the Fed. The market is also anticipating Bernanke's speech dove on Tuesday morning local time, which was also predicted pacifist tone (promoneter bulk). For information, the exchange rate of the rupee against the U.S. dollar in the interbank market spot exchange Friday (04.05) closed unchanged at 9750-9755. [Gang]
News Source: financeroll.co.id
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