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Indonesia To Open Travel Corridor With Malaysia, Comments From Indrawati/Warjiyo Eyed

IDR

Overnight greenback purchases provided a boost to spot USD/IDR as onshore rupiah trade reopened, with the rate last trading +40 figs at IDR14,293. Should bulls force a break above Nov 5 high of IDR14,390, they could take aim at Aug 20 high of IDR14,473. Bears need a retreat under the 50-DMA/Nov 9 low at IDR14,228/14,225 to gain some momentum.

  • USD/IDR 1-month NDF last -4 figs at IDR14,339. Bears keep an eye on the 50-DMA/Nov 9 low at IDR14,275/14,260. Bulls look for a rally above Nov 3 high of IDR14,462.
  • Indonesia and Malaysia struck a deal to gradually reopen two-way travel for inoculated individuals next year.
  • FinMin Indrawati & BI God Warjiyo will today speak about Indonesia's G20 presidency, while Trade Min Lufti attends a briefing with the Indonesia Chamber of Commerce.

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