Free Trial

Indonesia To Extend Covid-19 Restrictions

IDR

Spot USD/IDR has faltered and threatened to break under the initial support level of IDR13,993, which represents the low print of Jan 22. The pair sits -35 at IDR13,995 and further losses could shift focus to Jan 4 cycle low of IDR13,865. Bulls need a jump above the 50-DMA at IDR14,070 before taking aim at Jan 28 high of IDR14,099.

  • Indonesian regulators ok'd Sinovac Covid-19 jab for use on older patients. Health Min Budi Gunadi Sadikin said that the gov't decided to speed up vaccinations and started inoculating people over 59 years old from today.
  • BBG reported that Indonesia will extend its Covid-19 curbs through Feb 22, focusing on specific areas.
  • Implied USD/IDR 1-month implied volatility hovers just above seven-week lows, last at 8.0050.
  • Indonesian consumer confidence data comes out today, with BoP current account balance coming up Wednesday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.