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Rupiah Tad Firmer

IDR

Spot USD/IDR trades -5 figs at IDR14,337, with the rupiah supported by firmer oil prices in the absence of notable domestic developments. A fall through Mar 17 low of IDR14,275 would allow bears to take aim at IDR14,253. Bulls look to a rally towards Mar 7 high of IDR14,415.

  • USD/IDR 1-month NDF last seen at IDR14,355, little changed on the day. Downside focus falls on Mar 16 low of IDR14,264, while topside focus falls on Mar 8 high of IDR14,480.
  • Indonesia's economic docket is virtually empty this week.

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