Forex - Indonesia Flows: Rupiah weakens with a bid USD tone


 02:44 (GMT) 07 Feb

  [Forex Flows]

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Indonesia Flows: Rupiah weakens with a bid USD tone (0101-HRQN-C01)

USD/IDR onshore spot gapped higher to open at 13930 on Thursday vs. previous close of 13920, and rallied straight to intraday high of 13974 at last look as the USD was bid overnight from a lower than expected trade deficit. A recovery in oil prices also weighed on IDR sentiment, and China onshore markets remain close this week for CNY. Moves towards 14000 could however prompt good opportunity to go long rupiah, with further trade talks eyed next week. 1M NDFs likewise shot up to 14034 highs at last look after trading below 14000 the previous day and a knee-jerk slip to 13931 on the HDP beat. JKSE in minor losses at last look.


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