Forex - Indonesia Flows: USD/IDR still capped at 14100


 02:41 (GMT) 29 Nov

  [Forex Flows]

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Indonesia Flows: USD/IDR still capped at 14100 (0101-PWSV-C01)

USD/IDR onshore spot gapped a notch lower to open at 14090 from previous close of 14093 but moved towards 14100 again, and was possibly capped by authorities again. US/China trade talks are at risk again after President Trump signed the HK bill, and fiscal deficit at home is also seeing risks of slippage as government attempts to support growth. No risk is seen to 14050 support and upside pressures are likely to return. We continue to see a risk of another move towards 14110 resistance, but expect BI to limit gains above that. 1M NDFs meanwhile continued to trade in consolidation around 14140 this morning again. JKSE up by nearly 0.5% at last check.


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