Jakarta (ANTARA News) - The exchange rate of rupiah against the U.S. dollar (U.S.) in trading Tuesday afternoon to move rebounded to the level of 8500 points.
Rupiah gained 23 points against the U.S. dollar in the Jakarta interbank spot market on Tuesday afternoon to its final position than the previous Rp8.587 worth Rp8.610.
"Rupiah bounce back after trading yesterday depressed activity triggered by a positive exchange," said foreign exchange analyst PT Harvest International Futures, Tony Mariano, here on Tuesday.
He argues, a weakening U.S. dollar triggered by anticipation of the U.S. central bank expected to hold interest rates, and it was considered negative by the market participants.
In addition, he said, the quantitative easing (quantitative easing / QE) triggers unfavorable sentiment for the dollar value of U.S. investors are considered a burden.
"Investors are still worried about global growth, and pressure amid uncertainty over the future of U.S. monetary policy by the end of quantitative easing program the U.S. central bank at the end of the month," he said.
He said the future of the rupiah is predicted to continue the positive value as the U.S. policies are still in doubt.
Brothers Tbk PT Bank analyst, Rully Nova added, although the U.S. dollar weakened against the rupiah, the position of the U.S. dollar is still regarded as currency investors a secure and robust.
"The U.S. dollar currency is still trusted as a safe currency by market players to the turmoil in the uncertain world economy," he said.
He said some countries that put a lot of fund reserves in the form of U.S. dollar-denominated currency which is strong enough in the midst of a turbulent world economic fundamentals.
"The currency is considered a strong U.S. dollar to hedge funds and a little more secure than other currencies," he added.
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