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USD/IDR Price News: Rupiah seesaws around $14,400 on upbeat Indonesia trade data, budget proposalNEWS |
5/20/2021 4:43:30 AM GMT | By Anil Panchal
USD/IDR struggles for a clear direction around two-week top.
Indonesia April Trade Balance $+2.19 billion, Exports, Imports also came in stronger.
Indonesian Finance Minister proposes 2022 budget parliament.
Reuters poll suggesting investors are marginally bullish over IDR.
USD/IDR wobbles around 14,385, down 0.05% intraday, after multiple catalysts from Indonesia troubled the pair traders during early Thursday. Among them, April trade numbers and budget release gained major attention but risk-off mood tests the pair buyers.
Indonesia’s Trade Balance jumped from the $1.0 billion forecasts and $1.56 billion prior in April. On the same line, Exports and Imports also crossed 41% and 29.81% respective expected figures with 51.94% and 29.93% growth in that order.
5/3/2021 5:00:33 AM GMT | By Anil Panchal
USD/IDR fades bounce off intraday low on weaker-than-expected Indonesia Inflation figures for April.
US dollar strength tests pair sellers ahead of the key US PMIs.
USD/IDR holds lower ground near the intraday low of $14,433, up 0.03% around 14,446 by the press time of the pre-European session on Monday. In doing so, the quote refrains from extending Friday’s gains even as Indonesia s Inflation drops in April.
As per the latest data, Indonesia s Inflation eases from 1.46% expected to 1.42% YoY, also declining below 0.17% monthly forecasts to 0.13%, in April. Details suggest that the Core Inflation followed the suit with 1.18% figures versus 1.22% market consensus.
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USD/IDR Price News: Rupiah refreshes monthly high above $14,400 as Indonesia eyes fiscal deficit cutNEWS |
4/29/2021 5:27:06 AM GMT | By Anil Panchal
USD/IDR wobbles around the lowest since March 29.
Indonesia Finance Ministry conveys plans to cut budget deficit to 5% in 2022, under 3% in 2023.
US dollar stays offered, helps the pair bears despite covid woes at home.
USD/IDR remains depressed around the late March low, down 0.18% intraday near $14,450, while heading into Thursday’s European session. The pair recently eased on hopes of an upbeat Indonesian economy going forward and the US dollar weakness. However, the key support comprising the key SMAs challenges the pair’s further downside.
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The flip-flop price action in equities markets has also been reflected in currency markets to a lesser extent, mainly amongst the risk-sensitive Commonwealth’s and regional Asian currencies. A hawkish Bank of Canada saw USD/CAD plummet to 1.0% to 1.2495 overnight, as the BoC trimmed its QE programme, making it the first G-7 central bank to tighten policy since the Covid pandemic.
The Australian and New Zealand dollars also added 0.30% and 0.50%, respectively, versus the greenback. Both have staged bullish falling wedge topside breakouts, initially targeting 0.8000 and 0.7300.