Forex - Indonesia Flows: Rupiah tests 14000 again


 02:48 (GMT) 04 Nov

  [Forex Flows]

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Indonesia Flows: Rupiah tests 14000 again (0101-PPTJ-C01)

USD/IDR onshore spot gapped lower to open at 14008 and saw a minor slide below the key 14000 handle to lows of 13998 in early trading. Improved US jobs data and rebound in China's Caixin manufacturing PMI has helped to ease concerns of a global recession, and China's 'Consensus in Principle' on trade has bolstered risk sentiment. Jitters about the details of the US-China trade deal still kept investors on the edge and a firm break below 14000 may remain off cards for now. 1M NDFs traded around 14020 this morning after a slide from 14120-levels on Friday. JKSE up by over 0.3% at last look.


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