Wednesday, November 11, 2026

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FxWirePro: USD/IDR halts one-way rally, slumps over 2 pct on the day

IDR's outperformance was seen today - up over 2% vs the USD amid relatively quiet trade in other AXJ currencies Indonesia's rupiah hit a one-month high on dollar selling by foreign investors; foreign investors dumped the…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • IDR's outperformance was seen today - up over 2% vs the USD amid relatively quiet trade in other AXJ currencies

  • Indonesia's rupiah hit a one-month high on dollar selling by foreign investors; foreign investors dumped the greenback around 14,600

  • IDR joined other emerging Asian currencies in rising on expectations that the U.S. Federal Reserve may hold off on raising interest rates

  • Indonesia c.bank deputy Gov said on Tuesday that Rupiah "far too undervalued", Tuesday's strengthening in line with expectations

  • Deputy Gov added that the Rupiah strengthens due to global factors, new measures including forward currency market intervention

  • USD/IDR finally found bottom after reeling to 14170 low, fresh buying from foreign and local names drove pair back to 14300 

  • Going forward, growth concerns likely to see renewed IDR selling, consolidation likely between 14200-14500 near-term

  • Daily Tenkan at 14503.50 is initial resistance and support on the downside is seen by 55 EMA at 14200 

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EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team