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USD/IDR has traded within Wednesday's....>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR has traded within Wednesday's range, adding 51 pips thus
far. This leaves the pair at IDR14,163. The rupiah underperforms its peers from
the Asian EM basket.
- Indonesian FinMin & FSA Chair held a meeting with local bankers. The gov't
said it expected lenders to help keep ample liquidity available to SMEs.
- An off'l from State-Owned Enterprises Ministry said that the Covid-19 outbreak
will delay some power projects, but this shouldn't disrupt power supply.
- Elsewhere, the BoK said that South Korea and Indonesia have extended their FX
swap deal to Mar 5, 2003.
- A break above yesterday's high of IDR14,200 would prompt bulls to take aim at
the recent cycle high of IDR14,408. Meanwhile, a drop below the 38.2%
retracement if the Jan 24 - Mar 2 rally at IDR14,091 would give bears a green
light for targeting the 200-DMA at IDR14,048.
- Indonesia reports its foreign reserves data on Friday.

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