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USD/IDR trades -78 pips at IDR14,018.....>

DOLLAR-IDR
DOLLAR-IDR: USD/IDR trades -78 pips at IDR14,018 at the end to the week, which
has seen an impressive rally in rupiah's strength. BI Gov Warjiyo said today
that Indonesian banks should be able to pass on lower interest rates after
Indonesia's central bank introduced a 1.5% remuneration for funds kept with the
BI to meet the RRR.
- Should the psychological barrier of IDR14,000 give way, bears could target the
channel floor at IDR13,768. Conversely, a jump above Jun 3 high of IDR14,233
would shift focus to the 200-DMA at IDR14,369.
- Indonesian economic calendar is empty today and focus turns to local consumer
confidence index, due next Friday.

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