USD/IDR faces further consolidation near term – UOB

USD/IDR us now expected to navigate within the 15,285-15,450 range in the short term, according to Markets Strategist Quek Ser Leang at UOB Group.

Key Quotes

“USD/IDR traded between 15,250 and 15,450 last week, narrower than our expected consolidation range of 15,330/15,450.”

“The price actions offer no fresh clues and we continue to expect USD/IDR to consolidate. Expected range for this week, 15,285/15,450.”