MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI China Daily Summary: Tuesday, December 10

MNI BRIEF: China Nov Exports Slows, Imports Slide

MNI BRIEF: Brazil Annual Inflation Rises To 4.87% In November

MNI BRIEF: China Crude Oil Imports Accelerate In November

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI: GERMAN NOV CPI +2.2 % Y/Y

MNI: NORWAY NOV CORE CPI +0.1% M/M, +3% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/IDR 1 Month NDF Off Thursday Highs, As Electoral Change Vote Cancelled

IDR
  • The IDR sold off overnight following protests across Indonesia against the proposed change to regional election laws.
  • The government adjourned a meeting which was to vote for electoral changes that would effectively favour the alliance between President Widodo and incoming President Subianto.
  • The protests gained global attention resulting in at first the halting of the meeting and now the cancelling of the vote.
  • Having risen 6% since June, the IDR gave back 1% against the USD on the news of the protests.
  • The currency was weaker at the open trading back at IDR15,645 following the overnight close of IDR15,600.
  • The 1 month NDF is down around 0.55% at this stage though, last near 15670. Thursday intra-session highs were around 15770. So we are away from these recent extremes.
  • USD/IDR one-month implied volatility is up at 7.94% from 7.8750% yesterday.
  • The Central Bank left rates on hold this week noting that currency stability was key to the outcome for monetary policy.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

To read the full story

Close

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.