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USD/IDR Morning Comment

IDR

Indonesia : USD/IDR Morning Comment


USD/IDR opens 0.10% lower at 15,410 as of 09:25 a.m. Jakarta time; versus the Wednesday close of 15,425.

  • Bloomberg dollar spot index is steady in this morning’s trade, little changed.
  • USD/IDR one-month implied volatility is down at 8.865% from 9.060% close yesterday.
  • Indonesia's 10-year bond yield steady at 6.63%
  • Indonesia’s 5 yr CDS is steady at 67bps.

Key News for IDR:

BI’s foreign currency security (SVBI and SUVBI) issuance in USD has helped to boost the country's dollar reserves and the rupiah's resilience. For July end, $2.2 billion of SVBI and SUVBI securities were outstanding (Source: Bank Indonesia).

Indonesia economic data:

  • Nothing today.
  • 02 September S&P Global Indonesia PMI Manufacturing
  • 02 September CPI NSA MoM
  • 02 September CPI Core YoY
  • 02 September CPI YoY

Debt Auctions

  • Nothing today.

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