USD/IDR Price News: Rupiah renews weekly bottom near $14,400 after Fed, BI Governor’s speech By anilpanchal7 USDIDR RiskAppetite Fed CentralBanks Inflation
BI Governor Warjiyo hints at rate hikes during late 2022, Fed announced hawkish halt.USD/IDR stays firmer around the weekly top of $14,403, up 0.10% intraday at $14,380 during Thursday’s Asian session.
In doing so, the Indonesia rupiah pair pays little heed to the comments from Bank Indonesia Governor Pere Warjiyo. “Indonesia's central bank governor Perry Warjiyo said on Thursday early signs of inflation might be seen at the end of this year and would be the basis for Bank Indonesia to start considering raising its policy interest rates,” said Reuters. Theadds, “BI will rely more on bond yield differential flexibility to mitigate global spillover from tightening by the U.S. Federal Reserve while it starts ‘normalizing’ excess liquidity Southeast Asia's biggest economy,” per BI Governor Warjiyo.
The USD/IDR pair’s rejection to cheer hawkish comments from BI Governor could be linked to the US Federal Reserve’s readiness to lift the benchmark rates amid inflation fears. The US Federal Reserve matched wide market expectations to keep benchmark interest rates and tapering targets intact during Wednesday’s Federal Open Market Committee meeting. However, the interesting part from the Monetary Policy Statement was, “The Committee expects it will soon be appropriate to raise the target range for the federal funds rate.”also spoke in sync with the hawkish signals from the US central bank while saying, “There’s plenty of room to raise rates.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Chicago to pay $14 million to settle lawsuits tied to disgraced police Cmdr. Jon BurgeChicago will pay $14 million to settle two wrongful conviction lawsuits tied to the Burge torture era.
Lire la suite »
USD/CHF jumps to near two-week high, 0.9200 back in sight amid stronger USDThe USD/CHF pair scaled higher through the early European session and shot to a nearly two-week high, around the 0.9180 region in the last hour. The p
Lire la suite »
USD/JPY Price Analysis: Stays indecisive below 114.00 inside weekly descending triangleUSD/JPY Price Analysis: Stays indecisive below 114.00 inside weekly descending triangle By anilpanchal7 USDJPY Technical Analysis ChartPatterns TrendFollowing SupportResistance
Lire la suite »
USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50USD/TRY picks up bids to $13.60, reversing the early Asian pullback on Thursday, as market players cheer the US Federal Reserve’s (Fed) hawkish play.
Lire la suite »
AUD/USD tracks S&P 500 Futures to print seven-week low under 0.7100AUD/USD tracks S&P 500 Futures to extend post-Fed losses below 0.7100, renews seven-week low By anilpanchal7 AUDUSD RiskAppetite YieldCurve Fed China
Lire la suite »
Gold Price Forecast: Death cross signals caution for XAU/USD bulls ahead of FedGold price is treading waters below $1,850 as risk-off flows dominate. US Treasury yields and DXY rebound as the Fed meeting begins on Tuesday. DeathCross confirmation awaited on a daily closing basis, within a rising wedge. Trading FX
Lire la suite »