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USD/IDR Slips As Greenback Remains Offered

IDR

Spot USD/IDR gapped lower at the re-open as greenback weakness persists into the end of the year. The rate last sits -48 pips at IDR14,083.

  • Indonesia said it plans to sell IDR342tn in Q1 bond auctions next year. Indonesian gov't bond yields are unch. to slightly lower across the flattened curve, with 10s outperforming.
  • Per Jakarta Post, "the Central Java and Yogyakarta provincial administrations are currently mulling over closing down tourist sites in their areas during the year-end holidays to prevent the spread of COVID-19 This article was published in thejakartapost.com with."
  • A fall through the nearby Dec 11 low of IDR14,080 would bring Nov 10 low & key near-term support at IDR14,004 into view. Bulls need a clearance of Dec 23 high of IDR14,232 before taking aim at the 50-DMA, intersecting at IDR14,266.
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