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IDR: USD/IDR – Rupiah Weakens as Trump Threatens BRICs.      

IDR
  • USD/IDR is up at 15,903 in Jakarta morning; versus Friday's close of 15,845.
  • Having broken free of all key technical levels, today’s move has the Rupiah with 16,000 in its sights where it hasn’t traded at since August.   
  • Bloomberg Asia dollar spot index is lower by -0.22% at the open and the Bloomberg Dollar spot index is +0.44% higher.
  • USD/IDR one-month implied volatility is up this morning to 6.5750%, versus 6.5150% Friday’s close.
  • Indonesia's 10-year bond yield is at 6.881%
  • Indonesia 5 yr USD CDS at 74bps (Friday close 74bp, 5-year low 38bps in 2020).

Headlines

  •  Bank Indonesia will focus on keeping the rupiah stable as the US dollar strengthens on the incoming Trump administration’s policies, according to Governor Perry Warjiyo (source:      BBG).
  • Indonesia Raises Minimum Wage By 6.5% in 2025, Prabowo Says  (source: BBG)
  • Indonesia’s S&P Global PMI manufacturing release today came in at 49.6 for November following on from 49.2 the month prior. (source: MNI – Market News)

Data Releases

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  • USD/IDR is up at 15,903 in Jakarta morning; versus Friday's close of 15,845.
  • Having broken free of all key technical levels, today’s move has the Rupiah with 16,000 in its sights where it hasn’t traded at since August.   
  • Bloomberg Asia dollar spot index is lower by -0.22% at the open and the Bloomberg Dollar spot index is +0.44% higher.
  • USD/IDR one-month implied volatility is up this morning to 6.5750%, versus 6.5150% Friday’s close.
  • Indonesia's 10-year bond yield is at 6.881%
  • Indonesia 5 yr USD CDS at 74bps (Friday close 74bp, 5-year low 38bps in 2020).

Headlines

  •  Bank Indonesia will focus on keeping the rupiah stable as the US dollar strengthens on the incoming Trump administration’s policies, according to Governor Perry Warjiyo (source:      BBG).
  • Indonesia Raises Minimum Wage By 6.5% in 2025, Prabowo Says  (source: BBG)
  • Indonesia’s S&P Global PMI manufacturing release today came in at 49.6 for November following on from 49.2 the month prior. (source: MNI – Market News)

Data Releases

Keep reading...Show less