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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

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Overnight greenback weakness applied pressure to spot USD/IDR at the reopen, with the pair extending losses to its worst levels in eight months. It currently trades -34 figs at IDR14,084, with bears looking for further losses past the psychological IDR14,000 barrier, towards Feb 16/Jan 4 lows of IDR14,873/14,865.

  • USD/IDR 1-month NDF last seen +6 figs at IDR14,097. Bulls look to retake Jun 11/Sep 7 lows of IDR14,198/14,201, the previous breakout levels. Bears set their sights on Feb 25 low of IDR14,080, followed by Feb 16 low of IDR14,908.
  • INDOGB 5-Year yield dipped past the 5.0% threshold for the first time since mid-2013 today and seems poised to register its third weekly decline in a row.
  • Indonesia's trade surplus shrank in September but not as much as expected. Shipments rose slightly slower than forecast, imports growth also missed estimates.
  • Looking ahead, Bank Indonesia will deliver their monetary policy decision next Tuesday.