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Comments From Indonesian Econ Officials Eyed

IDR

Spot USD/IDR gapped lower at the reopen and last trades -16 figs at IDR14,237, slightly off earlier lows. Bears need a renewed sell-off past Sep 17 low of IDR14,212 to bring Sep 10 low of IDR14,203 into play. Bulls look for a jump above the 50-DMA/Sep 30 high at IDR14,322/14,333.

  • USD/IDR 1-month NDF last seen +11 figs at IDR14,263, despite the formation of a death cross yesterday. Bulls would be pleased by a rebound above Sep 29 high of IDR14,394, while bears look to a slide past Sep 7/Jun 11 lows of IDR14,201/14,198.
  • Coordinating Econ Affairs Min Hartarto and Investment Min Lahadalia will take part in a webinar on 2022 economic outlook hosted by Sinar Mas today.
  • A couple of consumer confidence reports headline the local data docket this week.

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