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Stabilisation

IDR

Spot USD/IDR stabilises after yesterday's surge, which allowed the pair to take out its 50-DMA. It last changes hands +10 figs at IDR14,258. Bulls look for a breach of the 100-DMA/Sep 30 high at IDR14,330/14,333. Meanwhile, bears keep an eye on Oct 18 low of IDR14,057.

  • USD/IDR 1-month NDF last -20 figs at IDR14,308. A fall through Oct 26 low of IDR14,148 would clear the way to Oct 15 low of IDR14,058. Conversely, gains past the 200-DMA/Sep 29 high at IDR14,383/14,394 would give bulls some momentum.
  • Pres Widodo has signed off on a regulation on carbon pricing as a market-based instrument to curb greenhouse gas emissions.
  • As a reminder, Indonesia's CPI inflation registered at +1.65% Y/Y in Oct, slightly up from +1.60% recorded in Sep.
  • The main highlight on Indonesia's docket for the remainder of this week is Q3 GDP, due Friday.

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