Rupiah Strengthens Supported by Recovering US Labor Market
JAKARTA - The rupiah exchange rate (exchange rate) which was trade between banks in Jakarta at the weekend move stronger. Supported by the recovery in the labor market in the United States. On Friday (12/3) at 9.55 WIB, the rupiah moved up 33 points or 0.23 percent to Rp 14,372 per US dollar. Compared to the position at the previous closing trade of Rp 14,405.
Samuel Sekuritas analyst Ahmad Mikail in his study said the dollar index may weaken to a level of 91.3 today. Amid improving US labor market data. Initial jobless benefit claims in the US in the first week of March 2021 were record at 712 thousand people. Lower than expectations of 725 thousand people indicating a recovery in the US labor market.
"The data is likely to encourage risk apatite for global investors to buy riskier fina...