USD/IDR faces extra side-lined trading – UOB – by pabspiovano USDIDR Banks Currencies Crosses
“We highlighted last Monday that ‘weakness in USD/IDR has yet to stabilize’ and held the view that USD/IDR ‘could weaken further but February’s low of 14,830 is likely out of reach’. The anticipated weakness exceeded our expectations as USD/IDR plummeted to 14,640 on Friday.”
“Severely oversold conditions suggest that USD/IDR is unlikely to weaken much further. This week, USD/IDR is more likely to trade in a range, expected to be in a range of 14,610/14,960.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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