USD/IDR changes hands at IDR14,307, 42...>

DOLLAR-IDR: USD/IDR changes hands at IDR14,307, 42 pips higher on the day. The

rate has approached the 200-DMA, which intersects at IDR14,361. A move through

that level would open up Jun 2 high/23.6% retracement of Apr 6 - Jun 8 slide at

IDR14,485/14,508. Meanwhile, a pullback under Jun 26 low of IDR14,105 would draw

attention to Jun 8 low of IDR13,873.

- Indonesia's Planning Minister Suharso Monoarfa said that the President is

working with lawmakers to pass a bill re: the $33bn plan to build a new capital

on Borneo. The project will become priority next year, as attempts to revive the

economy after the coronavirus outbreak take centre stage now.

- Indonesia's Markit Manufacturing PMI printed at 39.1 in June, improving from

the the prior month's reading of 28.6. 

- Local CPI data comes out at the top of the hour.