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USD/IDR 1 Month Continues To Retrace Thursday's Gains

IDR
The USD/IDR 1 month NDF continues to track lower, while spot USD/IDR also off earlier highs. The 1 month NDF is now up 1.4% in IDR terms for the session, last near 15535. Recent lows in the 1 month NDF rest at 15422. Thursday intra-session highs were 15769 (per BBG)
  • Outside of the cancelled electoral changes vote, softer USD trends against the majors, lower US yields and a mostly positive equity risk mood are aiding sentiment.

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