EURIDR MAY REACH 16,500/16,750 (15 % + 1 %) MED TERM TARGET ZONE
EURIDR MAY REACH THE LEVEL OF EURIDR 16,500/16,750 FOR 15 % + 1 % WIDTH OF MEDIUM TERM EXCHANGE RATE TARGET ZONE OF WHICH THE INDONESIAN RUPIAH IS DEPRECIATED BY EUR FOR 15 % + 1 % BY THIS 2017. BY REACHING EURIDR 16,500/16,750 THE PRICE IS ASSUMED TO BE STABLE. HOWEVER, SHOULD THE PRICE BREAK THAT LEVEL THEN BECOME UNSTABLE.
UNLESS THOSE LEVEL NOT BROKEN, THE INDONESIAN CENTRAL BANK, BANK INDONESIA NOT NECESSARY TO UNDERTAKE MARKET STERILIZATION (SOFT-INTERVENTION) BY WAITING THE FEDERAL RESERVE BANK OF NEW YORK AND THE EUROPEAN CENTRAL BANK (ECB) TO TAKE MEASURE ON THE EURUSD.
THE RISK HOWEVER SEEMS TO BE FACED BY THE CONSISTENT ALIGNMENT TO UPWARD ON THE MEDIUM TERM TARGET ZONE AND MAY TO PROLONG THE WEAKENING OF INDONESIAN RUPIAH AGAINST EUR IN LONG TERM. HOWEVER, THIS WILL BE ONLY TO BE ASSURED BASED ON THE MEASURE UNDERTAKEN ON EURUSD AND THE IMPACT OF THE MEASURE ON THE EURIDR. WATCH OUT THE MARKET.
UNLESS THOSE LEVEL NOT BROKEN, THE INDONESIAN CENTRAL BANK, BANK INDONESIA NOT NECESSARY TO UNDERTAKE MARKET STERILIZATION (SOFT-INTERVENTION) BY WAITING THE FEDERAL RESERVE BANK OF NEW YORK AND THE EUROPEAN CENTRAL BANK (ECB) TO TAKE MEASURE ON THE EURUSD.
THE RISK HOWEVER SEEMS TO BE FACED BY THE CONSISTENT ALIGNMENT TO UPWARD ON THE MEDIUM TERM TARGET ZONE AND MAY TO PROLONG THE WEAKENING OF INDONESIAN RUPIAH AGAINST EUR IN LONG TERM. HOWEVER, THIS WILL BE ONLY TO BE ASSURED BASED ON THE MEASURE UNDERTAKEN ON EURUSD AND THE IMPACT OF THE MEASURE ON THE EURIDR. WATCH OUT THE MARKET.