Analyst with Standard Bank Plc, Bruce Ikemizu, rate, euro currency and the United States dollar might lose its appeal. Therefore, economic conditions in developed countries is still below the emerging market countries like China.

Currently there is no investment instruments that are fitted to replace the U.S. dollar and euro. Thus, according Ikemizu, the choice is gold.

“The U.S. no longer dominates the world economy. Now that drives the global economy is the growth of developing countries,” said Ikemizu in Japan, as quoted by Bloomberg, last week.

In trading on the New York Mercantile Exchange Friday (6/18/2010), the gold price in August delivery closed down 9.60 dollars scoop on 1258.30 dollars per ounce. This is the highest position in history. Even in the daily trading price of this precious metal touched a record high of 1263.70 U.S. dollars daily.

The current price for gold delivery, closed at 1257.20 dollars per troy ounce.

CSPI first session close higher 1.23 percent or 35.46 points at 2926.56. Turn miscellanoeus industrial and manufacturing sector, which led the index rate at the session this morning.

The index also gained 1.39 Kompas100 pesen, LQ45 index rose 1.56 percent, and the Jakarta Islamic Index rose 1.50 percent.

On the first trading session have 90 shares rose, 60 fell and 70 shares of stock to stagnate. The total transaction value reached USD 2.283 trillion from tranasaksi 71 521 times with a volume of 5.69 billion shares.

While the rupiah against the U.S. dollar this afternoon also strengthened through the 9150 level. RI currency is in the position of Rp 9122 per U.S. dollar.

Analyst Marc Chandler in New York told Bloomberg rate euro rally is now a phase of improvement in a bearish market and not a change in trend. He estimates, for the medium term would be more weakened market (bearish), but the weakening of the euro to slow.

Earlier the euro had strengthened to a level of 1.2441 U.S. dollars. A stronger exchange rate of the European Union along with the ease European fears of debt crisis. This is marked by surging demand for Spanish bond auction.

Strengthening of the euro also due to the U.S. dollar which letoi. The trigger, a regional index of manufacturing industry in the U.S. declined from 21.4 to 8 this month. Besides news in the U.S. the number of unemployed rose by 12,000 to a total of 472 000 per week ago to make U.S. dollars more severe measures

The value of the rupiah against the U.S. dollar rose three points to USD 9145-USD 9150 per dollar, compared to the previous day’s close of USD 9148-USD 9155.

Currency analysts Brothers Tbk PT Bank Association, Rully Nova in Jakarta, said the increase in the average amount is relatively small, but increases that continue to occur that trigger the rupiah through the figure of Rp 9150 per U.S. dollar. “We are optimistic the rupiah will continue to strengthen until the approaching figure of Rp 9,100 per dollar,” he said.

According Rully Nova, a small increase in amount that, because market players still pay attention to such global economic growth in Europe and the United States, whether the financial crisis that occurred in the area getting better or not.

“If the area was improving, then they are more likely to buy U.S. dollars or euros, as both currencies were valued currencies that are quite safe in making the investment,” he said.

Therefore, further Rully, market demand on the rupiah is still relatively small, although there were rumors that Asia was the main supporter of global economic growth. “But the opportunity to continue strengthening rupiah is still quite large, since foreign investment is estimated to be even greater,” he said.

Rupiah, according Rully Nova, next week will probably bounce back up to nearly USD 9100 meliwatinya even as the market increasingly positive. “We are optimistic the rupiah will be able to break the USD 9100 per U.S. dollar and headed to a level of Rp 9,000 per dollar,” he said.

Closed JCI weakening 31.412 percent, or 1.20 points at 2588.153. The shares and miscellaneous commodities industry to weight the index in the red zone.

A total dominating the 121 shares down this morning session trading, shares rose 26 comparison. The transaction value reached USD 1.106 trillion of transactions with 34,051 times the volume of 1.881 billion shares.

Results also makes index fell 1.28 per cent Kompas100 and LQ45 index decreased 1.34 percent and corrected Jakarta Islamic Index 1.48 percent.

While it rupiah exchange rate against U.S. dollar was also depressed this afternoon. RI currency is in the position of Rp 9360 per U.S. dollar.

The dollar traded near the strongest position in over 7 months following the signal the euro countries with the largest economy was gaining momentum from the high demand for assets.

The greenback is expected to continue strengthening this week ahead of the U.S. manufacturing sector report and household purchases. Both predicted experiencing expansion. Euro also potentially weaken the yen over the issue of Greece’s budget deficit widened more and more expected.

“The data coming out this week confirms that the U.S. economy improves. Improving economic fundamentals will support the U.S. dollar,” said Koji Takeuchi, senior economist Mizuho Research Institute Ltd. of Tokyo, today.

The dollar traded at U.S. $ 1.3864 per euro at 8:06 am in Tokyo, rose from U.S. $ 1.3863 in New York last week. The dollar was at 90.12 yen from 90.27 in New York. Euro survive the weakening yen 124.96 yen from 125.13, after a touching 124.43, the weakest level since 28 April.

Manufacturing index from the Institute for Supply Management is at 55.5 in January. Figures above 50 indicate the existence of expansion. This recovery continued to strengthen the signal in the U.S.. Likewise, the increase in household purchases of 0.3%.

Last week, the U.S. dollar strengthened encouraged by the report the Department of Commerce regarding the increase in GDP by 5.7% per year during the October to December. The increase is the fastest in 6 years.

Asian currencies weaken, led by the South Korean won and Philippine peso against the dollar on concern China will restrict kredi to hold regional export demand.

The MSCI Asia-Pacific Index dropped to the lowest level during 2010 after Reuters reported several banks in China to provide cash to increase reserves. Pressure on the won continues triggered by a report that GDP fell to 0.2% in the quarter IV of 3.2% the previous period.

“Asian Currency weakens influenced China talks about the possibility of doing the tightening and asked a number of banks to raise reserve ratios again. This led to indiscriminate selling Asian currencies, the yen strengthened on the other hand,” said Joanna Tan, a regional economist Forecast Singapore Pte.

Won weakened 1.3% to 1165.50 per U.S. dollar at 2:18 pm in Seoul and had time to reach 1166.50, its lowest level this year. Peso weakened 0.5% to 46.47 and the Malaysian ringgit to be depressed 0.6% 3.4205. Rupiah also down 0.4% to 9380.

China’s central bank earlier this month the bank raised compulsory registration deposits 0.25% to 16% to keep credit growth and prevent asset bubbles in shares and property.

Reports of credit tightening reduces the demand for shares in China market. This causes the Shanghai Composite Index fell 2.3%. While the external market is also down.

On the other hand, the yen and U.S. dollar gained on the euro. The yen strengthened to 126.44 per euro in Tokyo, from 127.75 in New York yesterday. U.S. dollar increased to USS1, 4092 per euro.

Taiwan dollar strengthened encouraged by government reports of a record increase in manufacturing production. The data that was launched this month showed Taiwan exports rise in line with the decline in the unemployment rate. Achievement was raised currencies to its highest level since September 2008.

“Taiwan dollar appreciation as a result of moving the entry of hot money into Asia, including Taiwan. The central bank is always in the market to overcome the high volatility,” said Tarsicio Tong, forex dealers Union Bank of Taiwan in Taipei.

South Korea’s economic growth slowed during the quarter IV exceeded the median estimate of the economy. Kim Myung-Kee, the Bank of Korea officials, said the slowdown that occurred in October through December is only temporary adjustment does not affect the national growth momentum.

“Global economic recovery is still in process and should be recognized, not as smoothly and as quickly as expected. So the market is still moving volatile during the quarter I,” said Lindawati Susanto, head of FX Trade PT Bank Resona Perdania in Jakarta.

Singapore dollar weakened 0.4% to S $ 1.4041 per U.S. dollar, Thai baht depressed 0.2% to 33.02. China Yuan unchanged at 6.8269

: The yen weakened the currency 16 main partner countries associated with the prospect of Federal Reserve Governor Ben S. Bernanke back to his post for the second period and continued economic recovery in the country in the world’s largest.

The yen weakened ATS euro for the first time in 8 days after President Barack Obama received assurances from the Senate office about the survival Bernanke. U.S. dollar weakened against a number of currencies with higher yields following a report by economists estimate that home sales in the U.S. fell in December.

“Slowly kondiri improved during Bernanke served. So far, the Senate gave support. It has the potential to raise the sentiment, ’said Robert Rennie, head of currency research Westpac Banking Corp. Sydney.

The yen weakened to 127.31 per euro at 9:11 pm in Tokyo, from 126.98 in New York on January 22.

The median estimate of economists say home sales in the U.S. fell to 6 million per year in December, from 6.54 million in November. National Association of Realtors will publish the data today.

According to the 91 economists surveyed, the Fed would keep overnight interest rates between 0% and 0.25% on January 27.

The strengthening of the won and the ringgit occur every day throughout the week. The appreciation continued as the impact of the Fed’s decision Open Market Committee last month that was launched yesterday, to extend the stimulus package to sustain economic recovery. Export performance of Taiwan and Malaysia is estimated to rise for two months.

“Expectations that the U.S. appears to raise rates, but invites a lot of arguments, as they are not solid recovery. Action to sell U.S. dollars occurs in response to the news and would encourage regional currencies,” said Zaki Mokhtar, head of foreign exchange spot trading on the RHB Bank Bhd Kuala Lumpur.

Won rose 0.3% to 1133 at 12:30 pm in Seoul, which had touched the highest level in 15 months of 1129.42.

Malaysian ringgit reached the highest position in 6 weeks at 3.3620, and rose 0.2% continues to 3.3710 per U.S. dollar. Philippine peso also gained 0.3% to 45.895 Taiwan dollars and increased 0.1% to NT $ 31,833.

John Lipsky senior International Monetary Fund (IMF) said the institution is likely to raise 2010 global growth estimate later this month, from 3.1% position.

The median estimate of economists surveyed showed exports to Taiwan in December jumped 45% from the previous year and Malaysia rose 3% for 3 months.

South Korean Won continues to strengthen for the fifth day, the longest movement in almost 4 months, along with the improvement in export performance which triggered the entry of foreign investors borong local shares.

Samsung Electronics Co., the largest semiconductor manufacturers in Asia, as well as flat screens and mobile phones, recording Fourth quarter earnings of about 3.7 trillion won (U.S. $ 3.3 billion). In fact, the same period last year, the company still suffered losses.

“South Korean Won support payments from the state improved. Despite the strengthening occurred in March 2009, but we believe it is fundamentally the won is still undervalued,” said Leong Wai Ho, an economist at Barclays Plc in Singapore.

The Bank of Korea said the interest rate policy will support economic growth even as the central bank should maintain the imbalance caused by low interest rates. According to the 14 economists surveyed, Governor Lee Seong Tae believed to hold interest rates at 7 days 7% tomorrow.

Philippine peso rose to the highest position in 16 months at 45.72 per dollar two days ago, due to speculation the U.S. dollar bond sale by the government worth U.S. $ 1.5 billion. This action sparked buying of the local currency.

“We go back to see the strengthening of the peso,” said Antonio Espedido, treasurer at China Banking Corp. in Manila.

Indonesia plans to sell bonds worth U.S. $ 4 billion, and Vietnam is looking for funds amounting to U.S. $ 1 billion.

Rupiah strengthened 0.1% to 9230 per dollar today, after yesterday rose to 1.4%. Thai Baht is also strong 0.1% to 33.14 yuan and China are not much changed at 6.8277