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Fresh Cycle Highs For Spot USD/IDR

IDR

Spot USD/IDR has added 19 figs and last trades at IDR14,576, taking out key resistance levels in the process. Bullish focus turns to the IDR14,633-14,635 area, which capped gains in mid-Apr 2021. Bears look for a retreat towards Apr 26 low of IDR14,398.

  • USD/IDR 1-month NDF last seen +49 figs at IDR14,609. Bulls look to a move through May 9 high of IDR14,656, while bears would be pleased by a dip through May 5 low of IDR14,426.
  • Bank Indonesia said Wednesday that core inflation remains manageable despite growing domestic demand. The central bank noted that exchange rate stability and monetary policy consistency anchor price expectations.
  • Danareksa Consumer Confidence is expected to hit the wires by the end of this week, after the official index released Wednesday recovered from a 6-month low.

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