Chief researcher of Monex Investindo Futures Ariston Tjendra here said the USD dollar weakened against the majority of global currencies including rupiah after the Fed revised down that countrys economic growth outlook to 2.1-2.3 percent this year and maintained its benchmark interest rate at the level of 0.25 percent.
In interbank transaction, rupiah traded at the level of 11,933 per US dollar gaining from earlier level of 11,996 per dollar.
Ariston said in line with estimate , the Fed also decided to cut its monthly bond buying target.
"Apparently the Fed would maintain its accommodating policy to resulting in stability in the domestic financial market after being under heavy pressure over the past weeks," he said.
He said the widening of the US current account deficit to US$111.2 billion in the first quarter this year remained a negative sentiment for the US dollar.
However, the rupiah strengthening is still shadowed by the unfolding crisis in Iraq that has triggered a surge in the world oil prices, added to the unabated crisis in Ukraine, he said.
"The condition still a big concern for investors in the country as oil price hike would cause heavier oil fuel subsidy burden in the state budget and could widen the trade and current account deficits," he said.(*)
Editor: Heru Purwanto
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