Free Trial

Private Vaccination Programme Under Way

IDR

Spot USD/IDR has crept higher, having a look above yesterday's high. The rate last sits +40 figs at IDR14,313, with bulls setting their sights on the 200-DMA at IDR14,397. Bears need a fall below the 100-DMA at IDR14,250 before taking aim at IDR14,145, which represents the low print of May 10 & recent cycle low.

  • USD/IDR 1-month NDF last seen +11 figs at IDR14,376. A break above May 13 high of IDR14,403 would open the 200-DMA at IDR14,444, while a dip through trendline support at IDR14,316 would expose May 7 low of IDR14,133.
  • SOE Min Thorir will provide an update on the private-funded Covid-19 vaccination programme, which kicked off yesterday.
  • Coming up during the remainder of this week: Badan Pusat Statistik Indonesia will release trade data on Thursday, before BI publishes quarterly BoP current account balance on Friday.

To read the full story

Close

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.