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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessOnshore Rupiah Firms, Fuel Price Hike Announcement Inbound
The rupiah outperforms in emerging Asia, cementing its position as this week's regional leader.
- Spot USD/IDR has shed 9 figs and last deals at IDR14,814. The 100-DMA provides the initial bearish target at IDR14,694, while bulls look for a rebound above Aug 23/4 highs of IDR14,918/14,939.
- USD/IDR 1-month NDF last +29 figs at IDR14,815. Topside focus falls on Aug 22/5 highs of IDR14,953/14,990. Bears look for losses towards Aug 12 low of IDR14,654.
- Global funds sold a net $44.4mn in Indonesian equities on Thursday, the first net daily outflow since Aug 3. The Jakarta Comp Index has slipped this morning, extending yesterday's losses.
- Palm oil futures snapped a four-day winning streak Thursday after Indonesia announced a two-month extension to its export levy waiver.
- The government was set to submit a report on fuel price hike to President Widodo today, which means Jokowi may announce his decision on the matter imminently. The details will matter for Indonesia's inflation outlook.
To read the full story
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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.