Free Trial

Trend Needle Points South


Fed Terminal Up To 5.06% in June 2023


Heading North


Late Dec/Mar Tsy Roll Level Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
DOLLAR-IDR: USD/IDR last sits at IDR14,178, little changed on the day. Bulls
look to take out Jun 23 high of IDR14,250, which would open the channel
top/200-DMA at IDR14,314/14,357. Bears need a fall through Jun 18 low of
IDR14,025 before targeting Jun 8 low of IDR13,873.
- Indonesian Pres Joko Widodo signed the revised $193bn 2020 budget, which
accommodates for increased fiscal spending due to the coronavirus crisis. The
gov't sees state spending at IDR2,739.2tn & revenue at IDR1,699.9, which would
generate a budget deficit of IDR1,039.2tn.
- The Governor of West Java, the country's most populous province, said that it
has prepared 209 projects worth IDR700tn.
- Indonesia is among countries where worry about the resurgence of Covid-19
continues to linger. The relaxation of social distancing rules has been followed
by an acceleration in new coronavirus cases..
- Meanwhile, BI extended shortened trading hours in bonds & FX markets (imposed
due to the coronavirus pandemic) until July 15.
- Indonesia's CPI & Markit M'fing PMI are due next Wednesday.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.