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Consumer Confidence Improves

IDR

Spot USD/IDR trades at IDR14,246, marginally above neutral levels, but bulls need further gains past Nov 5 high of IDR14,390 to find some poise. Bears look for a dip through the 50-DMA at IDR14,227, before taking aim at Oct 29 low of IDR14,150.

  • USD/IDR 1-month NDF last seen -5 figs at IDR14,291. Bears keep an eye on Oct 26 low of IDR14,148. Bullish focus falls on Nov 3 high of IDR14,462.
  • Danareksa Consumer Confidence improved to 81.6 in October from 76.4 prior. The results of the survey were released two days after Bank Indonesia's official consumer confidence index posted a strong rebound into net-optimistic territory.
  • BI Gov Warjiyo and FinMin Indrawati appear at Singapore Fintech Festival 2021 today. They will discuss Indonesia's G20 presidency.

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