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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Rupiah Garners Some Strength, CPI On Tap This Week
Spot USD/IDR sits -10 figs at IDR14,888. A slide through Aug 26 low of IDR14,798 would open up the 100-DMA, which intersects at IDR14,705. Bulls look for a jump above Aug 23/4 highs of IDR14,918/14,939 before targeting Jul 22 cycle high of IDR15,038.
- USD/IDR 1-month NDF last -8 figs at IDR14,898. Losses past Aug 25 low/100-DMA at IDR14,770/14,747 would please bears, while bulls look to a jump above Aug 22 high of IDR14,953 & Aug 5 high of IDR14,990.
- Palm oil futures crept higher in after-hours trade. Indonesia raised its export levy for the first half of September and upped its allocation of palm-based biodiesel to be mixed with gasoil.
- Foreign funds bought a net $16.2mn in local equities on Monday. The Jakarta Comp Index re-opened on a firmer footing and last sits ~0.3% higher on the day.
- The gov't announced an IDR24.17tn aid package to soften the blow from a planned subsidised fuel price hike.
- Indonesia's monthly CPI (Thursday) provides the highlight of this week's data docket. Consumer confidence reports and S&P Global M'fing PMI are also due this week.
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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.