CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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 Back Sub 15800, FinMin States Further FX Stabilization Measures Coming

IDR

USD/IDR sits back in the 15770/75 region, down sharply from recent highs. IDR is more than 0.50% stronger so far today in spot terms, up over 1% in the past week. The pair is back sub the 20-day EMA (~15792). We haven't been sub this level for a number of months. Upside resistance is still likely on any rebounds to the 15950/60 region.

  • Outside of the continued risk-on cross asset supports for IDR today, it is also noteworthy comments made by FinMin Sri Mulyani Indrawati "Going forward, rupiah exchange rate stabilisation measures will be strengthened so that it is in line with its fundamentals and it supports efforts to control imported inflation," she said at a press conference (RTRS).
  • BI Governor Warjiyo also spoke, stating they see less risk of a further Fed tightening (although one more hike in Dec is possible) (see this BBG link).
  • In the cross asset space, 5yr CDS is back to 87.6bps, well below recent highs. Local equities are +0.90% higher.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.