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MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

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Spot USD/IDR still struggles to break out of yesterday's range, last operates +28 figs at IDR14,460. Familiar technical picture remains in play. Rupiah has been among the worst performers in Asia, as Wednesday's record increase in Indonesia's Covid-19 case count has weighed on sentiment.

  • Implied 1-year vol has eased off its highest point since Mar 9 printed earlier in the session and last sits -0.0250 at 9.1650%.
  • Worth noting that the latest Insight piece from our Policy Team noted that "Bank Indonesia's concerns are beginning to focus on the danger that direct government financing under its QE programme could undermine international investor confidence and cause a run on the rupiah". Please see the full article for more details.