The rupiah rate against the US dollar (USD) in today's trading opened toppled, even back in translucent level Rp13.300 / USD, although at this weekend rupiah is to leave those levels. The weakening of the rupiah is in line with the fall of the British currency, the pound.
The position of the rupiah against the USD based on data from Yahoo Finance opened at the level Rp13.348 / USD range Rp13.335-Rp13.350 / USD or worse than yesterday's closing weekend at the level Rp13.295 / USD and at 10:00 am moving to Rp13. 335 / USD.
Based on the reference rate Jakarta Interbank Spot Dollar Rate (Jisdor) BI, rupiah opened at the level Rp13.341 / USD. These positions are rapidly collapsed from previous positions at the level of Rp13.305 / USD.
According to data from Bloomberg, the rupiah was opened also improved in position Rp13.355 / USD this morning with a daily range Rp13.328-Rp13.366 / USD. This position shows the rupiah did not improve compared to yesterday's closing weekend at the level Rp13.294 / USD. And at 10:00 am moving to the level of Rp13.339 / USD.
Reported by Reuters on Monday (6/13/2016), the British Pound currency fell to its lowest level in eight weeks against the USD ahead of a referendum that could push the UK out of the EU. Meanwhile, the yen strengthened broadly after the mass shootings in the United States yesterday.
The pound fell 1.4% on Friday or the second biggest fall this year, and in early trading in Asia today back down 0.2% to a level of 1.4208.
"The referendum is getting closer and polls show a very tight race," said Shin Kadota, chief FX strategist at Barclays.
volatility in the sterling surged as market participants felt the need for protection against the fall of the currency. volatility pounds three months jumped to 17.2%, its highest level since early 2009.
Poll published at the weekend showed voters still divided over whether to end Britain's membership of the European Union. The pound also hit a one-month high against the euro, which rose to as high as 79.355.
While the yen surged to its highest level in three years against both currencies namely sterling and euro as investors sought refuge in the Japanese currency due to hit sentiment continued following the mass shootings in the United States yesterday.
The pound approached a three-year lows against the yen at 150.68 level, while the euro also fell to a nadir three-year high of 119.52. On the other hand, the USD lost 0.4% against the yen to 106.60.
While many market players think the Bank of Japan will keep policy on hold at its meeting on June 15 to 16, that perception could change if the USD fell below 18-month lows at 105.55 positions. Euro against the USD dipped to 1.12475, its lowest since June 3.
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