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USD/IDR has added 108 pips and last......>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has added 108 pips and last deals at IDR14,810. The move may
be pinned on greater demand for European Council summit.
- Bank Indonesia Snr Dep Gov Damayanti said that the nation's increasing
Covid-19 case count hampers the efforts to lift movement restrictions and
stimulate economic recovery. Damayanti noted that BI expects a U-shaped
recovery.
- A move through the 100-DMA at IDR14,835 would turn bullish focus to the
psychological IDR15,000 level. Bears need a fall through the 50-DMA at IDR14,434
before targeting Jul 14 & 9 lows, coinciding at IDR14,355, just shy of the
200-DMA.
- Indonesia's data docket is virtually empty this week.

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