Free Trial

Rupiah Marginally Softer After Holiday Amid Light Headline Flow

IDR

Spot USD/IDR has added a dozen figs thus far amid very thin local news flow, as onshore Indonesian markets reopened after a holiday. The rate last trades at IDR14,395, with bulls looking to take out the 50-DMA at IDR14,406. A break here would bring the 100-DMA at IDR14,420 into play. Bears look for a pullback under Aug 4 low/200-DMA at IDR14,305/14,302.

  • USD/IDR 1-month NDF last seen +29 figs at IDR14,454. A move through Aug 11 high of IDR14,491 would shift focus to Aug 2 high of IDR14,555. On the flip side, bears look to a retreat under the 200-DMA/Aug 4 low at IDR14,342/14,323.

To read the full story

Close

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.