USD/IDR Price News: Indonesian rupiah bounces-off four-month lows to regain 14,100
|- Broad US dollar comeback lifts USD/IDR from multi-month lows
- Indonesia plans to issue Samurai bonds in H2 2020.
- Focus on US Jobless Claims and risk trends for fresh impetus.
The ongoing sell-off in USD/IDR paused this Thursday, as the bulls fought back control while above the 14k mark.
The bulls were rescued by the broad-based US dollar rebound, in light of escalating US-China tensions and upbeat US economic data. Also, markets resorted to profit-taking after the recent slide in the greenback and ahead of the key US jobs report
Meanwhile, the Indonesian rupiah shrugged-off the comments by the Finance Ministry announced that the government aims to sell samurai bonds in the second semester of 2020 as part of efforts to fund the fiscal gap.
Looking ahead, the spot will remain at the mercy of the risk trends and US dollar price action for near-term trading impetus, with all eyes now on the US Jobless Claims data.
USD/IDR technical levels to watch
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.