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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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Free AccessRupiah Appreciates After A Day Off
Spot USD/IDR dived back under its 200-DMA as onshore rupiah trade re-opened after a public holiday, with the rate catching up with the recent greenback weakness.
- Reuters reported that Indonesia's new sovereign wealth fund is looking into investments in dozens of projects, including toll road concessions worth $2.6bn.
- Indonesia's Finance Ministry holds a briefing on micro credit for the housing sector today.
- The rate last sits -36 at IDR14,370, paring its earlier losses. The rate is narrowing in on the 200-DMA at IDR14,378 and a clean break here would open up Mar 9 high of IDR14,463. Conversely, a fall through Mar 2 high/23.6% retracement of the Feb 16 - Mar 9 rally at IDR14,330/14,324 would open up Mar 3 low/38.2% Fibo level at IDR14,243/14,238.
- Bank Indonesia will deliver their monetary policy decision next Thursday. On the data front, local trade report comes out on Monday.
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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.