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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

DOLLAR-IDR
DOLLAR-IDR: USD/IDR last trades at IDR14,058, 33 pips worse off, despite the
wider defensive feel. Indonesian Finance Ministry officials hold a seminar on
2021 macroeconomic and fiscal policy framework for 2021 today. Elsewhere, a BBG
analysis singled out IDR as the most attractive currency for carry trades.
- Bears see Jun 8 low of IDR13,873 as their initial target. A clean break here
would signal that bears are regaining control. Bulls look for a rebound above
Jun 12/3 highs of IDR14,214/33, which would expose the 200-DMA at IDR14,359.
- Bank Indonesia delivers its monetary policy decision tomorrow, with BBG
consensus forecast looking for a 25bp cut to the benchmark policy rate.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com