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Widodo Unveils Nominees To Replace Outgoing BI Dep Govs

IDR

Spot USD/IDR has added 17 figs thus far, last operates at IDR14,315, defying post-FOMC market impetus. The rate is approaching the 100-DMA/Sep 30 high at IDR14,332/14,333 and a break here would bring Aug 27 high of IDR14,445 into view. Bears need a pullback under the 50-DMA at IDR14,235 to get some reprieve.

  • USD/IDR 1-month NDF last seen -11 figs at IDR14,366. Further losses past the 50-DMA at IDR14,272 would please bears, while bulls look to a jump above IDR14,522, which capped gains on Aug 26 & 27.
  • Pres Widodo unveiled his nominations for two deputy governors of the central bank, both were recommended by the sitting governor. Juda Agung will replace Sugeng, who oversees payment system, rupiah management and information system. Adima Dudiman will replace Rosmaya Hadi, responsible for regional branches and logistics.
  • Focus moves to Indonesia's Q3 GDP data, due for release tomorrow.
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