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Rupiah Gains Ahead Of Monthly Trade Report

IDR

Spot USD/IDR trades -21 figs at IDR14,312 and bears look for further losses towards Mar 10 low of IDR14,280. Should that level give way, bears could take aim at Feb 16 low of IDR14,253. Bulls set their sights on Mar 7/Jan 31 highs of IDR14,415/20.

  • USD/IDR 1-month NDF last -42 figs at IDR14,311, with Mar 9 low of IDR14,253 providing the initial layer of support. Bulls look for a rebound towards Mar 8 high of IDR14,480.
  • Indonesia's monthly trade data will be released within less than an hour, while Danareksa Consumer Confidence may also hit the wires at some point today.

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