May 10, 2022 02:31 GMT
Spot USD/IDR has pulled back from a new cycle high of IDR14,565 and last deals -10 figs at IDR14,548, with bears looking for further sales past Apr 26 low of IDR14,398. Bulls look for a rally above Jul 2, 2021 high of IDR14,568.
- USD/IDR 1-month NDF last -27 figs at IDR14,603. Bears look for a slide through May 5 low of IDR14,426, while bulls would be pleased by a breach of Jul 20, 2021 high of IDR14,676.
- Indonesia's GDP expanded 5.01% Y/Y in the three months through the end of March, falling broadly in line with expectations. Inflation quickened to +3.47% Y/Y in April, beating the median estimate of +3.32%. Core inflation, closely watched by Bank Indonesia, accelerated to +2.60% Y/Y, as expected.
- Indonesia's consumer confidence data are expected to hit the wires later this week.
- Indonesian President Widodo is heading to Washington DC for a special ASEAN-U.S. summit.