Wednesday, January 6, 2010

IDR is rallying against USD... TP 9000

The Indonesian year on year inflation rate which is at 2.78%, the lowest over the last 10 years, has triggered the IDR to appreciate against the USD. This fundamental data also has influenced the Indonesian stock market which has been gaining 2.72% this year, adding another gain to the last year performance of 87%.

I have a chart of USD/IDR which shows the trend:

(Source: Exchange Rate.org)

I am expecting the IDR to appreciate to around 9000 at the end of the first half of 2010.


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