USD/IDR risks further downside near term – UOB

Market news

12 June 2023

USD/IDR risks further downside near term – UOB

According to Markets Strategist Quek Ser Leang at UOB Group, USD/IDR could face some selling pressure in the short-term horizon.

Key Quotes

USD/IDR closed 1.00% lower at 14,835 last week. Downward momentum has increased somewhat and this week, USD/IDR is likely to edge lower but a sustained drop below 14,740 appears unlikely for now. Resistance is at 14,900, followed by 14,950.

Currencies. Daily history for Monday, June 12, 2023

Commodities. Daily history for Friday, June 9, 2023

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