Free Trial

USD/IDR Modestly Higher at the Open.

IDR
  • USD/IDR pushed above 15500 at the open but there has been no follow through. The Tuesday close was 15,495
  • Bloomberg dollar spot index little changed at the open.
  • USD/IDR one-month implied volatility is up this morning to 9.06%, versus 8.83% on Tuesday.
  • Indonesia's 10-year bond yield is little changed at 6.64% at Wednesday’s
    open.
  • Indonesia 5 yr USD CDS at 67bps (yesterday close 66bps, 5-year low 58bps in 2020).

Headlines

  • Overseas investors were buyers of Indonesia equity in August, likely the biggest monthly purchases since April 2022, while net inflows into bonds are the strongest this year. (Source: Bloomberg).
  • Indonesia sold 40-year local-currency bonds for the first time as the potential for interest-rate cuts boost the allure of longer-tenor debt in the private placement market (Source: Indonesia Finance Ministry).

Data Releases (02 September, 20204)

  • S&P Global Indonesia PMI Manufacturing
  • CPI NSA MoM
  • CPI Core YoY
  • CPI YoY

To read the full story

Close

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.