• USD/IDR: Rupiah to enjoy a rally once BI decides to hike rates at the end of Q3 – ING

Noticias del mercado

16 agosto 2022

USD/IDR: Rupiah to enjoy a rally once BI decides to hike rates at the end of Q3 – ING

The Indonesian rupiah was on the defensive again early but depreciation pressure was capped by the end of July. Economists at ING think that the IDR can enjoy gains once Bank Indonesia (BI) hikes at the end of the third quarter.

IDR will likely move sideways

“The IDR will likely move sideways as depreciation pressure is offset to some extent by their substantial trade surplus.”

“IDR can enjoy a rally once BI finally decides to hike policy rates at the end of Q3.”

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: