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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.
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Free AccessMNI POLITICAL RISK - Trump Taps Sacks For White House Job
MNI US MARKETS ANALYSIS - NFP Followed by Ample Fedspeak
Indonesia To Tighten Restrictions Around Christmas
Spot USD/IDR has clawed back its opening losses and last trades +4 figs at IDR14,232. Bulls look to a move through Nov 17 high of IDR14,267, which would clear the way to Nov 11 high of IDR14,305. Meanwhile, a fall through Nov 15 low of IDR14,190 would bring Oct 29 low of IDR14,150 into view.
- USD/IDR 1-month NDF last +8 figs at IDR14,259. A clearance of Nov 17 high of IDR14,319 would please bulls, while bears keep an eye on Nov 15 low of IDR14,194.
- Indonesia's BoP current account balance flipped into a surplus of $4.500bn in Q3, beating median estimate of $3.200bn. The nation reported a revised $1.965bn deficit in Q2.
- Bank Indonesia kept the 7-Day Reverse Repo Rate at 3.50%, in line with expectations, in a bid to support nascent economic recovery.
- Coordinating Minister for Economic Affairs Hartarto said that Indonesia will introduce snap "level 3" curbs (one notch below strictest level) in all provinces from Dec 24 through Jan 1 to prevent an upsurge in Covid-19 cases during the holiday season.
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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.