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Indonesian Trade Data Eyed

IDR

Spot USD/IDR has added 17 figs and last trades at IDR14,264, with Indonesia's international trade data eyed today. Bulls need a push through Sep 9 high/200-DMA at IDR14,280/14,287 before taking aim at Aug 31 high of IDR14,345. Bears keep an eye on Sep 10 low of IDR14,203 and a break here would open up Sep 7 low of IDR14,182.

  • USD/IDR 1-month NDF last seen +3 figs at IDR14,292. Topside focus falls on Sep 8 & 9 highs of IDR14,340, while the initial layer of support is provided by IDR14,201/14,198, which represent Sep 7/Jun 11 lows.
  • FinMin Indrawati commented on Indonesia's plans for its G10 presidency in 2022, noting that the country will focus on digital currency and issues related to post-pandemic recovery, including scarring effect on the global economy and exit policy from stimulus.
  • Badan Pusat Statistic Indonesia will publish the latest trade data today, with BBG consensus looking for a trade surplus of $2.317bn (vs. $2.589bn prior). Separately, Tourism Min Uno will deliver a keynote speech at the Global Tourism Forum today.

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