Free Trial

Rupiah Falters, Indonesia Keeps Broad Coal Exports Ban

IDR

Spot USD/IDR has added 22 figs thus far, last changes hands at IDR14,317. Bulls need a clearance of Jan 6/Dec 21 highs of IDR14,399/14,400 before targeting Dec 6 cycle high of IDR14,447. Conversely, a pullback under Jan 11 low of IDR14,285 would bring the 100-DMA at IDR14,267 into play.

  • USD/IDR 1-month NDF last seen +18 figs at IDR14,337. Topside focus falls on Jan 6 high of IDR14,470, while bears would be pleased by a slide through Dec 30 low of IDR14,126.
  • Indonesia confirmed that it will keep a wider ban on coal exports in January, despite granting exemptions to a handful of vessels.
  • Danareksa Consumer Confidence could hit the wires as soon as today, while next week focus will turn to trade balance (Monday) & Bank Indonesia MonPol decision (Thursday).

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.