USDIDR gapped lower on Friday after being in a narrow range of about 15,650-15,750 over the past week. Economists at MUFG Bank expect the pair to trade within a 15,390-15,590 range this week.

USDIDR seen at 15,700 by the end of the year

“For the week ahead, we see a range of 15,390 to 15,590.”

“We currently forecast USDIDR at 15,700 at the end of the year. This comes as there may still be threats of Dollar strength in the coming months, even if we see slight downside risks to our forecast.”