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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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Free AccessRupiah Is Firmer After Widodo Announces Looser Restrictions In More Areas
Spot USD/IDR has shed 30 figs thus far and last trades at IDR14,340. Bears need a drop below IDR14,305, which limited losses on Aug 4, before targeting the 200-DMA at IDR14,286. Bulls need a jump above Aug 27 high of DR14,445 before taking aim at Aug 20 high of IDR14,473.
- USD/IDR 1-month NDF last at IDR14,376, 8 figures better off. Topside focus falls on IDR14,522, which capped gains on Aug 26 & 27. Meanwhile, bears look to a move through the 200-DMA at IDR14,358 towards Aug 4 low of IDR14,323.
- Pres Widodo announced an extension to Covid-19 restrictions through Sep 6, while loosening curbs in some localities, after the daily nationwide case count fell to the lowest point since Jun 3.
- Indonesia's Markit M'fing PMI will be released tomorrow, just hours ahead of the monthly CPI report. Last Friday, Bank Indonesia estimated August CPI to be +1.57% Y/Y based on their weekly survey.
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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.