USD/IDR points to further consolidation – UOB By pabspiovano USDIDR Indonesia Currencies Banks Crosses
seen navigating the 14,240-14,380 range for the time being, noted Quek Ser Leang at UOB Group’s Global Economics and Markets Research.“While we indicated last Monday that ‘downward pressure has eased’, we expected USD/IDR to ‘trade between 14,200 and 14,330’. However, USD/IDR soared to a high of 14,398 before pulling back sharply. The sharp pullback amid overbought shorter-term conditions suggests that USD/IDR is unlikely to strengthen further.
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