MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

IDR: USD/IDR Tests Above 16300 Before Retracing, BI Pledges to Guard Currency. 

IDR
EM BulletBulletIndonesiaAPACEmerging Market News
  • USD/IDR is down at 16,262 in Jakarta morning; versus yesterday’s close of 16,290.
  • Having broken through all technical levels, including 16,000 where the BI tried to defend it, this week has put the spotlight back on the Central Bank to show their intention when it comes to the Rupiah.  Indonesia is sitting on the largest Foreign Reserves they have ever had at US$150bn.    The BI has intervened in the ccy again today pledging to 'guard currency boldly.'
  • Today's statement comes after USD/IDR tested above 16300 in the first part of dealing, fresh highs back to the start of August.
  • Bloomberg Asia dollar spot index is down by -0.03% and the Bloomberg Dollar spot index is +0.06% higher.
  • USD/IDR one-month implied volatility is up this morning to 7.0425%, versus 6.9950% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.08%.
  • Indonesia 5 yr USD CDS at 75bps (yesterday’s close 74bp, 5-year low 38bps in 2020).

Headlines

  • Indonesia Holds Key Rate to Bolster Falling Rupiah Currency (source: BBG)
  • Indonesia Weighs Deep Cuts to Nickel Mining to Boost Prices (source: BBG)
  • Indonesian Supreme Court Upholds Sritex Bankruptcy Ruling (source: BBG)
177 words

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.
  • USD/IDR is down at 16,262 in Jakarta morning; versus yesterday’s close of 16,290.
  • Having broken through all technical levels, including 16,000 where the BI tried to defend it, this week has put the spotlight back on the Central Bank to show their intention when it comes to the Rupiah.  Indonesia is sitting on the largest Foreign Reserves they have ever had at US$150bn.    The BI has intervened in the ccy again today pledging to 'guard currency boldly.'
  • Today's statement comes after USD/IDR tested above 16300 in the first part of dealing, fresh highs back to the start of August.
  • Bloomberg Asia dollar spot index is down by -0.03% and the Bloomberg Dollar spot index is +0.06% higher.
  • USD/IDR one-month implied volatility is up this morning to 7.0425%, versus 6.9950% for yesterday’s close.
  • Indonesia's 10-year bond yield is at 7.08%.
  • Indonesia 5 yr USD CDS at 75bps (yesterday’s close 74bp, 5-year low 38bps in 2020).

Headlines

  • Indonesia Holds Key Rate to Bolster Falling Rupiah Currency (source: BBG)
  • Indonesia Weighs Deep Cuts to Nickel Mining to Boost Prices (source: BBG)
  • Indonesian Supreme Court Upholds Sritex Bankruptcy Ruling (source: BBG)