There is no change to the current range bound theme in USD/IDR, commented Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“We expected USD/IDR to trade sideways between 14,260 and 14,400 last week. While our view for sideway-trading was not wrong, USD/IDR traded within a narrower range than expected (14,324/14,375).”

“The quiet price actions offer no fresh clues and further sideway trading would not be surprising. Expected range for this week, 14,300/14,390.”