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USD/IDR has given away 43 pips and.......>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has given away 43 pips and last trades at IDR14,090, as Bank
Indonesia (again) intervened to support the rupiah, which has allowed the
currency to resist pressure exerted by the broader risk-off feel.
- The Financial Times interviewed FinMin Indrawati, who noted that Indonesia
will use QE and other emergency monetary & fiscal policy options as long as
needed. He stressed the crucial role of the gov't in stimulating economic
recovery, adding that BI could be a "standby buyer" of gov't bonds when mkt
loses capacity to absorb rising budget deficit.
- Bears need a dip through the low of Jun 8 located at IDR13,873 to reinstate
the recent downtrend. Bulls look to retake the 200-DMA at IDR14,361, which would
open the 23.6% retracement of the Mar 23 - Jun 8 sell-off at IDR14,522. 
- Indonesian trade balance will be published at the top of the hour. Looking
further afield, BI delivers its monetary policy decision on Thursday.

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