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USD/IDR has given away 25 pips and now...>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has given away 25 pips and now changes hands at IDR14,690.
The rate has fallen through May 26 low (IDR14,700) and hovers just above its
100-DMA at IDR14,642. A move through that 100-DMA would bring Mar 13 low of
IDR14,595 into focus. Bulls need a clearance of May 27 high of IDR14,780 before
targeting May 14 high of IDR14,934.
- Indonesia's President Joko Widodo said that the gov't will review 245 of its
programmes and prioritise those working towards economic recovery. He noted that
the Covid-19 outbreak shouldn't prevent the implementation of the key projects.
- Fitch commented that measures taken by Bank Indonesia should help the rupiah.
They revised their USD/IDR forecast for this year to IDR15,500 from IDR16,750.

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