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Rupiah Slips Even As Indonesia Eases Border Rules

IDR

Spot USD/IDR has added 13 figs and last operates at IDR14,353 after printing levels not seen since Mar 9. Further on the topside, the high print of Mar 7 located at IDR14,415 provides the initial layer of resistance. Conversely, bears look for a dip through Mar 17 low of IDR14,275.

  • USD/IDR 1-month NDF last seen +17 figs at IDR14,367. Bulls look to a jump above Mar 8 high of IDR14,480, while bears keep an eye on Mar 16/9 lows of IDR14,264/14,253.
  • Indonesia announced that it is removing all quarantine requirements for fully-vaccinated visitors after successfully running a pilot quarantine-free travel scheme in Bali, Batam and Bintan islands.

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