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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.
IDR
Spot USD/IDR broke out of a familiar range, charting an ascending triangle, a bullish continuation pattern. The rate has added 52 figs so far and last changes hands at a new five-month high of IDR14,532, with the rupiah underperforming all of its regional peers as we type.
- Indonesia and Japan agreed to strengthen bilateral cooperation in security matters, through the exchange of equipment and technology.
- BI Gov Warjiyo speaks at Fitch Ratings' webinar on "Indonesia 2021: Navigating Post-Pandemic World." Recording will be available after the event for registered users.
- Bulls look for a continued rally past Oct 23 high of IDR14,708, before targeting IDR14,753, which capped gains on Oct 6, 7 & 14. Bears need a pullback under Mar 23 low of IDR14,423 to bring the 200-DMA at IDR14,365 into play.
- Indonesian CPI & Markit M'fing PMI are due tomorrow, while Danareksa Consumer Confidence is expected to hit the wires at some point during the remainder of this week.
Fig. 1: USD/IDR
Source: MNI - Market News/Bloomberg
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.
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