• USD/IDR to fall back to 14,400 in Q2 2024 – MUFG

Noticias del mercado

7 julio 2023

USD/IDR to fall back to 14,400 in Q2 2024 – MUFG

IDR was leaning on the weaker side against the USD in June. Economists at MUFG Bank analyze USD/IDR outlook.

Supportive current account fundamentals for the IDR

Fundamentals are stable. GDP growth reached 5.03% YoY in Q1, similar to the 5.01% result in Q4-2022. Inflation retreated further. We anticipate that inflation will head lower towards a 2-3% range in the coming months. 

We also believe that Indonesia’s trade surplus will be a supportive factor for the IDR.

We expect USD/IDR to fall back to 14,400 in Q2-2024 as yield differentials widen once again in favour of IDR.

 

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: