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USD/IDR has added 43 pips & sits at......>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has added 43 pips & sits at IDR13,718 as the "perak" lags
all of its peers from the Asian EM basket. The novel coronavirus remains front
and centre, with all relevant updates under the microscope.
- In local data, Indonesia's current account deficit widened to $8.100bn from
7.665bn in Q4 vs. consensus forecast of a $8.050bn shortfall.
- Bank Indonesia stuck to its usual refrain: they are determined to maintain IDR
stability & ready to intervene in FX, bonds & NDF markets.
- A push above the Feb 4 high of IDR13,773 would clear the way to the 50-DMA,
which intersects at IDR13,849. Bears look for a pullback under the Feb 6 low of
IDR13,610 to open up IDR13,577, a two-year low printed on Jan 24.
- Indonesian President Joko Widodo is visiting Australia as both countries are
entering the 100-day implementation period for their comprehensive free trade
agreement. Indonesian lawmakers gave the multi-billion dollar deal a nod last
Thursday, after nearly a decade of negotiations.

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