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USD/IDR off highs on stocks, profit taking in NDFs

  • USD/IDR jumped higher in early dealings but stocks rally hold back gains

  • Markets threatened by surprise BI rate cut and higher NDFs

  • Rally in stocks and profit taking in NDFs capped IDR losses

  • Pair last at 12790-12800, down from early spike to 12820 high

  • 1month last at 12885-12915, down from 12930 early; JKSE +1.03% 

 

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