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Indonesia's Consumer Confidence Data Up This Week

IDR

Spot USD/IDR changes hands -23 figs at IDR14,285, downside focus falls on Sep 17 low of IDR14,212, followed by Sep 10 low of IDR14,203. Conversely, a move through 50-DMA/Sep 30 high of IDR14,332/14,333 would expose Aug 31 high of IDR14,345.

  • USD/IDR 1-month NDF last +14 figs at IDR14,329. Bulls look for a rally above Sep 29 high of IDR14,394, while bears keep an eye on Sep 7/Jun 11 lows of IDR14,201/14,198.
  • The Jakarta Post pointed to the escalating infighting within Pres Widodo's PDI-P party, which struggles to unite in pursuit of post-Jokowi presidency. Central Java Gov Pranowo and House of Representatives Speaker Maharani both set their sights on joining the race to succeed Widodo when his term expires in 2024.
  • Participants look to the release of the official consumer confidence gauge on Friday, with Danareksa Consumer Confidence also due at some point this week.

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