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IDR: Rupiah Weakens As Markets Readies for Break.

IDR
EM BulletBulletIndonesiaAPACEmerging Market News

  

  • USD/IDR is up at 16,206 in Jakarta morning; versus yesterday’s close of 16,175.
  • The rupiah remains well above the 16,000 level where the BI intervened, and with the largest amount of FX reserves on record, and a stated intention of ‘guarding the rupiah boldly’, it is anticipated that more intervention will come. 
  • The recent weakness has dragged the 20-day EMA higher to 16,015.
  • Bloomberg Asia dollar spot index is up by +0.02% and the Bloomberg Dollar spot index is up +0.02%.
  • USD/IDR one-month implied volatility is down this morning to 7.125%, versus 7.165% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.06%.
  • Indonesia 5 yr USD CDS at 75bps (yesterday’s close 74bp, 5-year low 38bps in 2020).

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  • USD/IDR is up at 16,206 in Jakarta morning; versus yesterday’s close of 16,175.
  • The rupiah remains well above the 16,000 level where the BI intervened, and with the largest amount of FX reserves on record, and a stated intention of ‘guarding the rupiah boldly’, it is anticipated that more intervention will come. 
  • The recent weakness has dragged the 20-day EMA higher to 16,015.
  • Bloomberg Asia dollar spot index is up by +0.02% and the Bloomberg Dollar spot index is up +0.02%.
  • USD/IDR one-month implied volatility is down this morning to 7.125%, versus 7.165% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.06%.
  • Indonesia 5 yr USD CDS at 75bps (yesterday’s close 74bp, 5-year low 38bps in 2020).

Headlines

Keep reading...Show less