- Large return of US dollar lifts USD / IDR from multi-month lows
- Indonesia plans to issue samurai bonds in the second half of 2020.
- Focus on US unemployment benefit claims and risk trends for new impetus
The current sale in USD / IDR was interrupted on Thursday, as the bulls pushed back control while they were above the 14k mark.
The bulls were saved by the general rebound of the US dollar, in light of the escalating US-China tensions and optimistic US economic data. In addition, the markets resorted to profit taking after the recent fall of the greenback and before the key US employment report.
Meanwhile, the Indonesian rupiah Finance ministry comments announced that the government plans to sell samurai bonds in the second half of 2020 as part of efforts to finance the fiscal gap.
In the future, the spot will remain at the mercy of risk trends and the action of prices in US dollars for a short-term commercial impulse, all eyes now being turned to American data on jobless claims.