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USD/IDR last trades -25 pips at..........>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR last trades -25 pips at IDR14,563, even as the greenback
generally fares well, after the NYT piece mentioned in several earlier bullets
stoked demand for safe havens. A fall below the 50-DMA at IDR14,442 would allow
bears to set their sights on Jul 9/14 lows located at IDR14,355, just shy of the
200-DMA. Bulls look to take out Jul 3/15 highs of IDR14,587/14,597 before
targeting May 27 high of IDR14,780.
- Bank Indonesia will deliver its latest monetary policy today, with most
economists surveyed by BBG (18/30) looking for a 25bp cut to benchmark policy
rate and a further 11 of them seeing the rate unchanged today.
- Indonesia is planning to crack down on violators of social distancing
restrictions. Provincial authorities will decide on the most appropriate
punishments, whether it be fines or social service.
- The World Bank recommended that Indonesia needs to gradually unwind temporary
fiscal measures and increase revenue.
- Meanwhile, FinMin Indrawati said that Indonesia considers expanding government
support for SMEs amid the Covid-19 pandemic.

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