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Rupiah Stable, Danareksa Consumer Confidence Little Changed In May

IDR

Spot USD/IDR hovers just above unchanged levels, last at IDR14,267. The rupiah paid little attention to the release of Danareksa Consumer Confidence, which registered at 80.2 in May after printing at 80.1 in April. Better assessment of the present situation was offset by moderation in consumers' expectations and confidence in the government.

  • USD/IDR 1-month NDF last +16 figs at IDR14,303, familiar technical picture remains in play.
  • As a reminder, Badan Pusat Statistic Indonesia will release its own consumer confidence gauge tomorrow.
  • Indonesia's foreign reserves shrank to a five-month low of $136.40bn in May from $138.80bn declared in April, which was partly driven by the gov't's external debt payment.
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