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Why MNI
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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 AccessLittle Volatility After Bank Indonesia MonPol Decision
Spot USD/IDR operates +8 figs at IDR14,245, with little in the way of notable local headline flow. Topside focus falls on the 200-DMA at IDR14,289 and a break here would shift focus to Aug 31 high of IDR14,345. Bears need a fall through Sep 17 low of IDR14,212 before taking aim at IDR14,203, which limited losses on Sep 10.
- USD/IDR 1-month NDF last seen -2 figs at IDR14,293. Bears keep an eye on Sep 7/Jun 11 lows of IDR14,201/14,198, while bulls set their sights on Sep 20 high/200-DMA at IDR14,354/14,366.
- Bank Indonesia left the 7-Day Reverse Repo Rate unchanged yesterday, matching consensus. Gov Warjiyo noted that the central bank is ready for the Fed taper expected in November and said that it "will be lower in impact compared to 2013."
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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.