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Consumer Confidence Data Take Focus

IDR

Spot USD/IDR reopened on a softer footing before trimming the bulk of initial losses. It last sits -10 figs at IDR14,348 and further gains past Dec 6 high of IDR14,447 would represent an important bullish development. Bears look for a break under the 100-DMA/Nov 30 low at IDR14,297/13,293.

  • USD/IDR 1-month NDF last seen +31 figs at IDR14,386. Bulls look to a breach of Dec 3 high of IDR14,545, while bears would be pleased by a dip through Nov 30 low of IDR14,328.
  • Indonesia's Danareksa Consumer Confidence is expected to hit the wires at some point today. The official gauge came out yesterday, it rose to best levels in almost 2 years.
  • FinMin Indrawati will speak alongside counterparts from Italy and India at a seminar to begin G20 meetings today.

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