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IDR: USD/IDR Eyeing Late August Lows Ahead Of This Week’s Fed Decision.

IDR
GlobalEM BulletBulletIndonesiaAPACEmerging Market NewsRegion
  • USD/IDR is down at 15,315 in Jakarta this morning; versus Friday's close of 15,400 (Monday was a public holiday in Indonesia). Catch up to recent USD wekaness appears to be in play. Late August lows at 15310 are very close by.
  • Bloomberg Asia dollar spot index is flat at the open and the Bloomberg Dollar spot index is 0.03% lower.
  • USD/IDR one-month implied volatility is up this morning at 7.35%, versus 7.25% close on Monday.
  • Indonesia's 10-year bond yield is unchanged at 6.57%
  • Indonesia 5 yr USD CDS at 67bps (yesterday close 67bp, 5-year low 58bp in 2020).

Headlines

  • Global funds are snapping up Southeast Asian assets as the prospect of interest-rate cuts and attractive valuations holds out the promise of supersized returns (source: Bloomberg)

Data Releases

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  • USD/IDR is down at 15,315 in Jakarta this morning; versus Friday's close of 15,400 (Monday was a public holiday in Indonesia). Catch up to recent USD wekaness appears to be in play. Late August lows at 15310 are very close by.
  • Bloomberg Asia dollar spot index is flat at the open and the Bloomberg Dollar spot index is 0.03% lower.
  • USD/IDR one-month implied volatility is up this morning at 7.35%, versus 7.25% close on Monday.
  • Indonesia's 10-year bond yield is unchanged at 6.57%
  • Indonesia 5 yr USD CDS at 67bps (yesterday close 67bp, 5-year low 58bp in 2020).

Headlines

  • Global funds are snapping up Southeast Asian assets as the prospect of interest-rate cuts and attractive valuations holds out the promise of supersized returns (source: Bloomberg)

Data Releases

Keep reading...Show less