After having a significant gain for almost 3 weeks, the IDR has pulled back to around 10850. The strong rally of the IDR is supported by the global increased in risk appetite. Indonesia also has been mentioned as one of the top three countries to put investment after China and India by the ING group.
The pullback of the IDR is mainly due to the increasing of the political tension due to the decision of Jusuf Kalla not to be in the government with Susilo Bambang Yudhoyono. The duet has been relatively succeed in developing the country according to the market. The Indonesian stock market also has showed some negative sign of this issue.
With the uncertainty of the political issue, the IDR might be reach 11000 level in the near term. But I believe the full year forecast the IDR would be stabilize at around 10.500-11.000.
The pullback of the IDR is mainly due to the increasing of the political tension due to the decision of Jusuf Kalla not to be in the government with Susilo Bambang Yudhoyono. The duet has been relatively succeed in developing the country according to the market. The Indonesian stock market also has showed some negative sign of this issue.
With the uncertainty of the political issue, the IDR might be reach 11000 level in the near term. But I believe the full year forecast the IDR would be stabilize at around 10.500-11.000.
Posts
