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USD/IDR: Rupiah stalls sell-off after Bank Indonesia intervenes in bond market

Nanang Hendarsah, Head of Bank Indonesia’s (BI) monetary management department said in a text message on Monday, Indonesia's central bank intervened in the bond market on Monday to support the Rupiah currency.

Hendarsah said: "Bank Indonesia is intervening in the bond market, it is still ongoing, to maintain the stability of the rupiah."

Following the Saudi oil plants attack news-led risk aversion, the Indonesian Rupiah witnessed a sharp fall against its American peer, with USD/IDR rallying 0.60% to near 14,050 levels.

Rupiah hit fresh two-month tops vs. the US dollar on Friday at 13,905 amid dovish Fed expectations and US-China trade optimism.

USD/IDR Levels to consider

USD/IDR

Overview
Today last price14040
Today Daily Change64.1000
Today Daily Change %0.46
Today daily open13975.9
 
Trends
Daily SMA2014156.6725
Daily SMA5014127.574
Daily SMA10014204.1685
Daily SMA20014203.0102
Levels
Previous Daily High13997.25
Previous Daily Low13910.5
Previous Weekly High14112.4
Previous Weekly Low13883
Previous Monthly High14582.9
Previous Monthly Low14075
Daily Fibonacci 38.2%13964.1115
Daily Fibonacci 61.8%13943.6385
Daily Pivot Point S113925.1833
Daily Pivot Point S213874.4667
Daily Pivot Point S313838.4333
Daily Pivot Point R114011.9333
Daily Pivot Point R214047.9667
Daily Pivot Point R314098.6833

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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