USD/IDR has added 33 pips and last.......>

DOLLAR-IDR: USD/IDR has added 33 pips and last trades at IDR15,113, even as an

improvement in broader risk appetite and a stronger than expected PBoC fix

likely capped gains. The rupiah has been dented by concerns over the local

coronavirus/lockdown situation.

- BI Gov Warjiyo warned that GDP growth may fall short of the central bank's

forecast of +2.3% Y/Y this year. He added that BI maintains a loose policy

stance, but doesn't plan to print money for monetary ops.

- Indonesian President Joko Widodo pledged to flatten the coronavirus curve "at

all costs and means" and ordered his ministers to prepare economic recovery

plans for the sectors worst hit by the Covid-19 outbreak.

- The nation delayed the Sep 23 regional elections until December.

- Indonesian consumer confidence plunged to 84.8 in April from 113.8. 

- This comes against the backdrop of below-forecast Indonesian GDP growth

figures published yesterday, which dropped to multi-year lows.

- A clearance of the 50-DMA at IDR15,289 would open up Apr 23 high of IDR15,598.

Bears need a retreat under Apr 30 low of IDR14,882 to regain control.