Free Trial

Rupiah Falters Along Regional Peers

IDR

Spot USD/IDR holds above neutral levels with forces generated by FOMC minutes published Wednesday in play, as Indonesian headline flow has failed to provide much in the way of fresh catalysts. The rate deals +37 figs at IDR14,395 and a break above Dec 21 high of IDR14,400 would open up Dec 6 high of IDR14,447. On the flip side, a pullback under the 200-DMA at IDR14,346 would give bears some reprieve.

  • USD/IDR 1-month NDF last seen -4 figs at IDR14,450. Downside focus falls on the 50-DMA at IDR14,339, while bulls look to a breach of Dec 21 high of IDR14,522.
  • Danareksa Consumer Confidence is expected to hit the wires by the end of this week. The official index is due Monday.

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.