October 03, 2024 03:29 GMT
IDR: USD/IDR Higher in Morning Trade on Dollar Strength.
IDR
- USD/IDR is up at 15,390 in Jakarta morning; versus yesterday's close of 15,265. This puts us comfortably above the 20-day EMA near 15300, while the 50-day is further north near 15532. We have seen headlines cross of intervention from the central bank, see below.
- Bloomberg Asia dollar spot index is lower by 0.04% at the open and the Bloomberg Dollar spot index is 0.14% higher.
- USD/IDR one-month implied volatility is up this morning to 7.3350%, versus 7.30% yesterday’s close.
- Indonesia's 10-year bond yield is at 6.504%
- Indonesia 5 yr USD CDS at 67bps (yesterday close 67bp, 5-year low 58bp in 2020).
Headlines
- Indonesia Central Bank has entered in the FX market to ensure the balance of supply and demand - official (Source: Reuters)
- Indonesia Central Bank official says rupiah weakened due to rising geopolitical tension in the middle east (Source: Reuters)
Data Releases
- None.
Government Bond Auction
- None.
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