Free Trial

CS: Revisions Could See Surprising Headlines


Fades on ECB Pressure


Dollar Rebound Takes Edge Off Oil and Notably Gold


MNI Interview With Ex-Richmond Fed Economist

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Rupiah Falters After Fed Rate Review, Despite Continued Gains For Palm Oil


Spot USD/IDR has advanced, adding 34 figs thus far, and last trades at IDR15,682. The rate refreshed cyclical highs in the process. Topside technical focus remains on the round figure of IDR16,000, while bears eye Oct 28 low of IDR15,523 for initial support.

  • USD/IDR 1-month NDF flat at IDR15,694. The initial bullish target is provided by the IDR16,000 mark, while bears set their sights on Oct 26 low of IDR15,490.
  • Indonesia's yield premia over U.S. Tsys remain subdued across 5-Year and 10-Year tenors in the wake of the Fed's 75bp rate hike yesterday.
  • Foreign investors were net sellers of $23.46mn in Indonesian stocks, with the Jakarta Comp probing the water below its 100-DMA. The index fell at the re-open, testing next support from its 200-DMA, before staging a rebound. It last operates 0.25% above neutral levels.
  • Palm oil futures have traded on a firmer footing, last sitting +MYR38/MT on the day. This is despite the resumption of the Black Sea Grain Initiative, which may allow for renewed exports of rival sunflower oil from Ukraine. The broader commodity complex is slightly softer, with the aggregate BBG Commodity Index last 0.7% worse off.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.