USD/IDR sticks to the range bound theme – UOB

In opinion of Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR should remain side-lined within the 14,270-14,380 range for the time being.
Key Quotes
“The sharp drop in USD/IDR to 14,240 and the subsequent swift rebound came as a surprise (we were expecting USD/IDR to trade sideways).”
“The rapid swings have resulted in a mixed outlook and for this week, USD/IDR could continue to trade in a choppy manner, expected to be between 14,270 and 14,380.”
Author

Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

















