MNI China Daily Summary: Thursday, February 27

MNI BRIEF: China Warns On Higher Shipping Cost Risk - MOFCOM

MNI: PBOC Net injects CNY90 Bln via OMO Thursday

MNI China Press Digest Feb 27: Yuan, Housing, Economy

MNI: PBOC Sets Yuan Parity Higher At 7.1740 Thurs; -0.77% Y/Y

MNI BRIEF: Fed's Bostic Says Rates Should Stay Where They Are

MNI: SPAIN FEB FLASH HICP +0.4% M/M, +2.9% Y/Y

MNI: SWISS Q4 GDP +0.2% Q/Q, +1.5% Y/Y

MNI: FRANCE JAN PPI +0.7% M/M, -2.1% Y/Y

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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IDR: BI Says It Let Rupiah Strengthen As USD/IDR Approaches 15,000

IDR

Spot USD/IDR finished the session -88 pips at 15,150, printing its worst levels since mid-2023 in the overnight session. The key bearish target is provided by the psychologically significant 15,000 threshold. 1-month NDFs trade -35 at 15,170 as teh 15,000 figure is clearly in sight.

  • Bank Indonesia's Executive Director for Monetary Management Edi Susianto said that the central bank was letting the rupiah appreciate and refrained intervening today. He commented that the rupiah was strengthening in line with regional peers, following the Fed's 50bp cut and BI's 25bp cut earlier this week. According to Susianto, Bank Indonesia believes that current USD/IDR volatility is manageable.
GlobalEM BulletBulletIndonesiaAPACEmerging Market NewsRegion
GlobalEM BulletBulletIndonesiaAPACEmerging Market NewsRegion

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