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Spot USD/IDR has added 27 figs and trades at IDR14,284, hitting a fresh two-week high. Further gains past Nov 11 high of IDR14,305 would allow bulls to take aim at IDR14,390, which limited gains on Nov 5. Bears look for a dip through Nov 19 low of IDR14,210 towards Nov 15 low of IDR14,190.
- USD/IDR 1-month NDF last seen -10 figs at IDR14,320. Bears keep an eye on Nov 19 low of IDR14,213, followed by Nov 15 low of IDR14,194. Conversely, a rebound above Nov 24 high of IDR14,363 would open up Nov 3 high of IDR14,462.
- Bank Indonesia Governor Warjiyo will deliver a keynote speech at ADB Institute central bank forum on "Lessons from the Pandemic for Monetary Policy in Asia" on Friday.