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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.
IDR
Spot USD/IDR has punched through Wednesday's high and last sits +55 at IDR14,580 after the release of domestic CPI report.
- Headline CPI came in at +1.37% Y/Y, narrowly missing BBG consensus est. of +1.40%. Core CPI registered at +1.21% Y/Y vs. exp. of +1.44%.
- Some have linked IDR sales to the fact that Indonesia sold just IDR15.02tn of gov't bonds in its latest additional offering under a greenshoe option, missing the IDR25.25tn target.
- The rupiah is the worst performer in the region as we type, with USD/IDR hitting best levels in five months.
- As a reminder, Indonesian markets will be closed for a public holiday tomorrow.
Fig. 1: Indonesia CPI & Core CPI Y/Y (%)
Source: MNI - Market News/Bloomberg
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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