USD/IDR is now forecast to remain consolidative between 14,260 and 14,360, according to Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“USD/IDR traded between 14,275 and 14,325 last week, narrower than our expected consolidation range of 14,240/14,380. The relatively quiet price actions suggest that USD/IDDR could continue to consolidate, expected to be within a range of 14,260 and 14,360.”