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Rupiah Softens On Friday

IDR

Spot USD/IDR has edged higher and last deals at IDR14,445, 28 figs higher on the day. A clearance of Aug 20 high of IDR14,473 would turn focus to IDR14,510, which limited gains on Jul 26. Bears need a retreat under Aug 24 low of IDR14,384 towards Aug 16/18 lows, both located at IDR14,373.

  • With USD/IDR 1-month NDF last seen +2 figs at IDR14,508, bulls look for a jump above Aug 19 high of IDR14,573, while bears keep an eye on Aug 24 low of IDR14,418.
  • Bisnis Indonesia reported that the FSA is drafting a rule on stock split and reverse stock split for listed companies, which would be required to get appraisal of their shares in case of significant fluctuations in their price.
  • Monthly CPI report headlines the Indonesian docket next week. Before that, Bank Indonesia will publish their inflation survey for the fourth week of August today.
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