Free Trial

Rupiah Appreciates, CPI Eyed Next Week

IDR

Spot USD/IDR has ebbed lower, last trades -19 figs at IDR14,368. A fall through Jan 24 low of IDR14,307 would shift focus to Jan 11 low of IDR14,285. Conversely, a jump above yesterday's peak at IDR14,390 would bring Jan 6/Dec 21 highs of IDR14,399/14,400 into play.

  • USD/IDR 1-month NDF last -17 figs at IDR14,374. Bears look to a fall through Jan 13 low of IDR14,292, while bulls keep an eye on Jan 19 high of IDR14,428.
  • Indonesian Palm Oil Association (Gapki) said that the nation's palm oil production may increase 4.9% Y/Y to 53.8mn tons this year.
  • Participants look ahead to the release of Indonesia's CPI data next Wednesday, as Bank Indonesia have stressed that the withdrawal of monetary stimulus will be contingent on inflation picking up.

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.