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Rupiah Awaits GDP/CPI Data

IDR

Spot USD/IDR has added 22 figs thus far and last deals at IDR14,519, as broader impetus described earlier has provided a tailwind to the pair. The initial bullish target is provided by Jul 21, 2021 high of IDR14,559 and a break here would expose Jul 2, 2021 high of IDR14,568. Bears look for a retreat under Dec 6, 2021 high of IDR14,447.

  • USD/IDR 1-month NDF last seen +38 figs at IDR14,572. Bulls see Apr 28/29 highs of IDR14,587 as their initial target, while bears look for a fall through May 5 low of IDR14,426.
  • Indonesia is expected to report Q1 GDP and April CPI data at some point today. The economy is expected to have grown 4.95% Y/Y, with headline inflation seen at +3.32% Y/Y, according to Bloomberg survey of economists.
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Spot USD/IDR has added 22 figs thus far and last deals at IDR14,519, as broader impetus described earlier has provided a tailwind to the pair. The initial bullish target is provided by Jul 21, 2021 high of IDR14,559 and a break here would expose Jul 2, 2021 high of IDR14,568. Bears look for a retreat under Dec 6, 2021 high of IDR14,447.

  • USD/IDR 1-month NDF last seen +38 figs at IDR14,572. Bulls see Apr 28/29 highs of IDR14,587 as their initial target, while bears look for a fall through May 5 low of IDR14,426.
  • Indonesia is expected to report Q1 GDP and April CPI data at some point today. The economy is expected to have grown 4.95% Y/Y, with headline inflation seen at +3.32% Y/Y, according to Bloomberg survey of economists.