MNI BRIEF: BOE Rate Cut Closer But Still Some Way Off - Pill

MNI China Daily Summary: Tuesday, April 23

RPT-MNI INTERVIEW: Kaplan Says Loose Fiscal Is Holding Up Cut

MNI BRIEF: Hungary Central Bank Cuts To 7.75% As Expected

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

MNI: UK JAN-MAR MEDIAN PAY AWARDS +4.8% :XpertHR/Brightmine

Brightmine (XpertHR): Pay Deals Fall to 4.8%; Expected 5% for 2024 Overall

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rupiah Firms A Tad

IDR

Spot USD/IDR has descended onto support from Jun 2 low of IDR14,253 this morning, in the wake of yesterday's sell-off in the greenback. The rate last sits -11 figs at IDR14,254, with bears looking for a clean break below the aforementioned support, which would clear the way to May 10 low of IDR14,145. Conversely, gains past Jun 4 high of IDR14,322 would shift focus to the 200-DMA/May 20 high at IDR14,378/14,400.

  • USD/IDR 1-month NDF last seen +4 figs at IDR14,291 and a jump above May 28 high of IDR14,381 would bring May 20 high of IDR14,475 into play. Bears need a slide through Jun 1 low of IDR14,257 before taking aim at May 7 low of IDR14,133.
  • Tourism Min Sandiaga Uno said that Bank Indonesia, Financial Services Authority and Investment Min will back the plan to reopen Bali in Jul and encourage tech companies to work from there. The gov't expects Bali's economy to return to growth by Q3/Q4.
  • On a different front, Foreign Min Retno Marsudi said that the gov't has asked for more Covid-19 vaccines from China through the Covax programme and offered to become a regional hub for the production of Chinese jabs.
  • Bank Indonesia will publish May foreign reserves today. Consumer confidence data from Badan Pusat Statistik Indonesia hits the wires tomorrow, with Danareksa's survey expected at some point this week.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.