Rupiah Tuesday morning rose 26 points

The rupiah exchange rate interbanked in Jakarta, Tuesday morning, moved up 26 points to Rp13.229 earlier at Rp13.255 per US dollar position.

Head of Monex Investindo Futures Research Ariston Tjendra in Jakarta on Tuesday said that the US US accused "Oil prices are steady with a strong tendency in recent days to dampen US stocks," he said.

Watching the price of WTI Crude oil was at 49.93 dollars per barrel, and Brent at the 55 level , 39 US dollars per barrel.Ia said that the rupiah is one of the commodity currencies that the movement of crude oil prices. Higher oil prices have a positive effect on the movement of the rupiah exchange rate in the forex market.

Binaartha Securities analyst Reza Priyambada added that ahead of the Fed to discuss the Fed's interest rate, the rupiah is steady with a strong tendency.

"The easing of expectations of US rate hikes such as the pace US inflation is still below the target hold back the rate of US dollars, "he said.

Kendati so, he added, market participants still have to be alert following the rising US consumer price index, the condition opens the potential for the Fed to raise interest rates.

While sentiment from the domestic , he said the existence of government plans that will be ready to build and updating the system of data and information taxation to overcome various challenges in the field of taxation can be responded positively to market participants so that the rupiah finished strengthening
Souce antaranews.com