JAKARTA - The rupiah exchange rate on the spot market opened higher on trading Thursday, April 30. The rupiah opened up 132 points to a level of Rp15,162 per US dollar.
Based on VOI's observation, at 09:27, the rupiah continued to strengthen, and touched the level of Rp. 15,117 per US dollar, or a gain of 1.17 percent.
Head of Research at Monex Investindo Futures, Ariston Tjendra, said there were various positive sentiments this morning on global financial markets. The positive sentiment was sparked by the drug testing progress report from Gilead Sciences.
"Then there is positive sentiment from the Fed which still supports the benchmark interest rate near zero," Ariston told VOI.
Other positive sentiment, said Ariston, came from stronger crude oil prices, earnings reports of big US technology companies such as Facebook and Microsoft.
"There is also positive sentiment from easing lockdowns in several pandemic countries, and data on China's manufacturing activity index that grew in April," he explained.
These various positive sentiments provide an initial indication to the market that the global economy is recovering. But the market remains vigilant about the development of the COVID-19 outbreak and its negative impact on the economy.
"The rupiah has the potential to strengthen today with a potential range of Rp15,150-15,450 per US dollar," he explained.
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