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USD/IDR rallies on NDFs

USD/IDR trades higher, lifted by panic buying in NDFs overnight USD/IDR traded 12870 high so far, local demand strengthens further Hedge funds, regional sales sent 1month back to 13000 last, vs 13070 high Strong resistan…

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  • USD/IDR trades higher, lifted by panic buying in NDFs overnight

  • USD/IDR traded 12870 high so far, local demand strengthens further

  • Hedge funds, regional sales sent 1month back to 13000 last, vs 13070 high

  • Strong resistance at 12900 doubtful to break

  • USD/IDR last 12865-12875, traded 12855-12870 range so far

  • NDFs last 12975-13015; JKSE +0.05% 

 

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