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Policy
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Global Macro
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/IDR Lower On Broader Greenback Sales
USD/IDR re-opened on a softer footing, in line with dynamics seen in
USD/Asia crosses, owing to broad-based USD weakness. Spot USD/IDR last
trades -43 pips at IDR14,568.
- Locally, President Joko Widodo asked ministers to expedite Covid-19
fiscal spending, as he pointed to low absorption. Widodo noted that only
IDR136tn of the IDR695tn package has been spent so far. - Elsewhere, FinMin Indrawati said that state-owned Sarana Multi Infrastruktur
provided zero-rate loans for economic recovery to Jakarta and West Java. - Econ Min Hartarto said that the gov't expects domestic economy to start
its recovery in H2 and sees GDP contracting 4.3% in Q2. - Bears need a dip through Jul 9 & 14 lows, both at IDR14,355. They
closely watch the 50- & 200-DMAs, intersecting at IDR14,400, looking
for a potential death cross. Bulls target Jul 22 high of IDR14,670. - Indonesia's economic docket is virtually empty this week.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.