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Spot USD/IDR trades +26 figs at IDR14,379, broader risk sentiment provides the main driver. Bulls look to a move through Dec 6 cycle high of IDR14,447, while bears keep an eye on yesterday's low of IDR14,317, followed by the 100-DMA/Nov 30 low at IDR14,295/14,293.
- USD/IDR 1-month NDF last -2 figs at IDR14,417. Bears keep an eye on Dec 9 low/100-DMA at IDR14,340/14,337, while bulls look for a jump above Dec 3 high of IDR14,545.
- Bank Indonesia meet next Thursday for the final time this year. Elsewhere, Indonesia's trade data will hit the wires on Wednesday.
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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.