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Rupiah Slips In Line With Regional Trend

IDR

Spot USD/IDR trades +9 figs at IDR14,460, with bulls looking to a swing past May 31 high of IDR14,598 before targeting May 20 & 23 highs of IDR14,678. Bears need a dip through Jun 3 low of IDR14,423 before taking aim at Mar 30 low of IDR14,325.

  • USD/IDR 1-month NDF last +21 figs at IDR14,463. Topside focus falls on Jun 2 high of IDR14,589, with bears keeping an eye on that day's low of IDR14,393.
  • The government prepared a draft renewable energy bill, including a suite of measures to make the nation reliant on renewable energy sources by 2060. To that end, Indonesia would build its first nuclear power plant by 2045 and subsidise clean energy projects.
  • Bank Indonesia will publish its consumer confidence gauge on Thursday.

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