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Rupiah Weakens In Tandem With Most Regional Peers

IDR

Spot USD/IDR has added 9 figs and last operates at IDR14,351. The next layer of resistance is located at IDR14,383, which represents Dec 10 peak. A break here would expose Dec 6 high of IDR14,447. Bears look for losses past Dec 9 low of IDR14,317, which would open up Nov 30 low/100-DMA at IDR14,293/14,292.

  • USD/IDR 1-month NDF last seen +15 figs at IDR14,374. Bulls look for a jump above Dec 10 high of IDR14,445, while bears see Nov 15 low of IDR14,194 as their initial target.
  • U.S. Sec of State Blinken touched down in Jakarta and stays for a two-day visit in a bid to convince Indonesia to join efforts to contain China's influence in the Indo-Pacific.
  • Indonesia's trade balance will hit the wires tomorrow, with Bank Indonesia's final monetary policy decision of 2021 due Thursday.

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