Free Trial

Rupiah Strengthens Amid Light Domestic Headline Flow

IDR

Following an initial drop, spot USD/IDR last trades -25 figs at IDR14,313. Further losses past Jan 11 low of IDR14,285 would turn focus to IDR14,253, which limited losses on Dec 31/Jan 3. Bulls need a break above Jan 19 high of IDR14,374 before targeting Jan 6/Dec 21 highs of IDR14,399/14,400.

  • USD/IDR 1-month NDF last seen -6 figs at IDR14,327. Bears keep an eye on Jan 13 low of IDR14,292, while bulls look to a jump above Jan 19 high of IDR14,428.
  • Bank Indonesia projected CPI inflation accelerating to +2.2% Y/Y this month, based on a survey through the first three weeks on January.

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.