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USD/IDR has extended its recent surge....>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has extended its recent surge and last trades +58 pips at
IDR14,375. An improvement in Indonesia's M'fing PMI (returned into expansionary
territory) & slightly larger than exp. acceleration in headline CPI growth have
failed to provide any substantial support to the rupiah. 
- BI Dep Gov Warjiyo informed that the central bank carried out its triple
intervention. Separately, Head of Financial Services Authority Santoso urged
mkts to remain calm, adding that protocols to prevent stock mkt collapse are in
place. The local stock exchange suspended short-selling today.
- Indonesia has just officially confirmed its two first Covid-19 cases.
- With resistance from the Aug 6 high of IDR14,360 already out of the way, bulls
turn the focus to IDR14,528, the peak of May 22. Meanwhile, bears look for a
retracement of Friday's sharp rally, followed by a break under the 200-DMA at
IDR14,053.

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