Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

DBS’s Wee Forecasts Rupiah to Rise 2.8 Percent by December

July 6 (Bloomberg) -- Philip Wee, a senior currency economist at DBS Group Holdings Ltd. in Singapore, comments on the outlook for the Indonesian rupiah in a telephone interview today. DBS predicts the currency will strengthen 1.5 percent to 8,400 per dollar by third quarter and 2.8 percent to 8,300 by year-end.

“Indonesia’s higher budget deficit of 2 percent of GDP for 2011 on higher oil prices was, unsurprisingly, taken in stride by the market. They have better growth prospects, lower debt and high foreign reserves which can support in the strengthening of the rupiah.

‘‘Indonesia’s ratings upgrades, versus downgrades in the weak EU peripheral nations, underscore the difference between emerging countries with strong international liquidity positions as opposed to fiscal deficit or public debt problems in the advanced economies.”

To contact the reporter on this story: Chien Mi Wong in Singapore at cwong303@bloomberg.net.

To contact the editor responsible for this story: Sandy Hendry at shendry@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.