DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Rupiah Strengthens Despite Weak Showing From Palm Oil, Jakarta Comp

IDR

Spot USD/IDR has shed 37 figs so far as the greenback underperforms. The rate last changes hands at IDR15,531, with bears looking for a move towards Oct 5 low of IDR15,162, while bullish focus falls on Oct 21 cycle high of IDR15,634.

  • USD/IDR 1-month NDF last -28 figs at IDR15,533. Bears would be pleased by a breach of Oct 26 low of IDR15,490, while bulls take aim at Oct 21 high of IDR15,674.
  • Foreign investors bought a net $57.66mn in Indonesian equities Thursday, while the Jakarta Comp advanced, with gains capped by the 50-DMA. Following the rejection of that moving average, the index has retreated today.
  • Palm oil futures have softened on the final trading day of the week, with the most active contract last dealing -MYR93/MT. The aggregate BBG Commodity Index is also weaker.
  • The next local data release of note is October CPI report, due November 1.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.