Free Trial

Indonesia To Keep Monitoring Covid-19 Data Before Tweaking Restrictions

IDR

Spot USD/IDR trades +20 figs at IDR14,378, as risk aversion undermines the rupiah. Bulls need a break above Jan 31 high of IDR14,420 before targeting Dec 6 high of IDR14,447. Conversely, a pullback under Jan 24 low of IDR14,307 would bring Jan 11 low of IDR14,285 into play.

  • USD/IDR 1-month NDF last +36 figs at IDR14,396. Topside focus falls on IDR14,429, which limited gains on Jan 28 & Jan 31. On the flip side, bears would be pleased by a fall through Jan 13 low of IDR14,292.
  • Covid-19 Task Force spokesman Adisasmito said that weekly infections with the novel coronavirus jumped 40 times since the beginning of the year. The official added that death and hospitalisation rates remain much lower than during the previous wave. The Task Force will keep monitoring statistics over the next two weeks before making adjustments to mobility restrictions.

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.