Wednesday, November 11, 2026

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FxWirePro: USD/IDR spikes above 13800, BI in markets to support Rupiah

USD/IDR surges above 13800 as traders cited Bank of Indonesia in the markets to support Rupiah IB pinned the rupiah's fall directly on the yuan devaluation and said it would step into the markets to guard against volatil…

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

  • USD/IDR surges above 13800 as traders cited Bank of Indonesia in the markets to support Rupiah

  • IB pinned the rupiah's fall directly on the yuan devaluation and said it would step into the markets to guard against volatility

  • Yields soar, 5yr yields +10bps, 10yr and above up 20bps last, JKSE -3.14%

  • USD/IDR is currently trading at 13838, paring some gains after hitting 13878, highest since Sept 1998

  • Further gains likely, NDFs indicated at 14070-14120, strong buying seen from hedge funds

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By FxWirePro Team