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Local Consumer Confidence Data Eyed

IDR

Spot USD/IDR trades +10 at IDR14,545, within yesterday's range. Topside focus falls on IDR14,582, the high print of Apr 1. Above there opens Oct 23 high of IDR14,708. On the flip side, a fall through Apr 7 low of IDR14,470 would suggest that bears are taking control, with the 200-DMA at IDR14,381 providing the next layer of support.

  • UK Foreign Sec Raab visited Indonesia Wednesday. Raab and his Indonesian counterpart Marsudi expressed willingness to strengthen cooperation in areas such as health, defence and trade.
  • BI Gov Warjiyo, FinMin Indrawati & FSA Chair Santoso hold a meeting to discuss economic recovery today.
  • Indonesia's statistics bureau will publish consumer confidence data today, there is no fixed time of the release. The Danareksa gauge, released yesterday, was little changed.
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