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Rupiah Weakens, Bank Indonesia To Publish Consumer Confidence Data

IDR

Overnight greenback strength gave a fillip to spot USD/IDR when onshore rupiah trade reopened, with the pair last sitting +38 figs at IDR14,250. Should bulls manage to force a break above the 200-DMA at IDR14,284, they could take aim at the 100-DMA at IDR14,399. Meanwhile, a dip through Sep 7 low of IDR14,182 would expose Jun 11 low of IDR14,185.

  • USD/IDR 1-month NDF last +10 figs at IDR14,303. Bulls see the 200-DMA at IDR14,361 as their initial target, while bears would be pleased by a slide through yesterday's/Jun 11 low at IDR14,201/14,198.
  • Danareksa Consumer Confidence rebounded to 71.2 in August from 62.1 recorded in July. Focus moves to Bank Indonesia's consumer sentiment gauge, which will hit the wires later today.
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