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USD/IDR well bid, but no rush as positive stocks cap

  • Pair underpinned by spike in NDFs, higher dollars overnight

  • USD/IDR opens at 12965-975, traded 12975-990 range so far

  • NDFs higher to 13075-13105, JKSE +0.33%, bonds supp, BI MPC next wk

  • Most exp BI to stay pat on rates again this month but further cuts eye this year

  • BI said to maintain tightening bias to manage inflation, narrow C/A deficit

 

  • Market Data
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