December 02, 2024 02:30 GMT
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
- S&P Global Indonesia PMI Mfg 49.6 vs 49.2 prior.
- CPI YoY (prior 1.71%)
- None
Government Bond Auction
- None.
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