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Rupiah Aided By Risk-On Feel


Spot USD/IDR operates at IDR14,342, 36 figs below neutral levels, as improving risk appetite lends support to the rupiah. Bears look for a fall through the 100-DMA/trendline support at IDR14,298/14,296, while bulls would be pleased by gains past Dec 6 high of IDR14,447.

  • USD/IDR 1-month NDF last -22 figs at IDR14,376. Bears look for a dip through Nov 30 low of IDR14,328, while bulls keep an eye on Dec 3 high of IDR14,545.
  • Indonesia's official consumer confidence gauge improved to 118.5 in November from 113.4 the month before, hitting best levels since January 2020. A twin survey from Danareksa Research Institute is expected to hit the wires by the end of play tomorrow.

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