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Q4 GDP Data, Weekly Update On Covid-19 Rules Take Focus

IDR

Spot USD/IDR has crept higher and sits at IDR14,395, after adding 15 figs thus far. Reminder that the 50-DMA & 200-DMA formed a golden cross last week. A break above Jan 31 high of IDR14,420 would shift focus to Dec 6 high of IDR14,447. Meanwhile, losses past Feb 2 low of IDR14,327 would allow bears to take aim at Jan 24 low of IDR14,307.

  • USD/IDR 1-month NDF last seen at IDR14,415, little changed on the day. Bulls look to a break above Jan 6 high of IDR14,470, while bears keep an eye on Jan 13 low of IDR14,292.
  • It is expected that the weekly update on Covid-19 measures from Indonesian officials will hit the wires in early afternoon.
  • Quarterly GDP data (growth is expected to have accelerated in 4Q2021) will be published later today, with Bank Indonesia set to deliver their monetary policy decision on Thursday.

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