- Analytics
- News and Tools
- Market News
- USD/IDR: Room for a move to 14,700 in Q1 2022 – UOB
USD/IDR: Room for a move to 14,700 in Q1 2022 – UOB
The Indonesian rupiah could depreciate to the 14,700 area vs. the US dollar in the first quarter of 2022, according to strategists at the Quarterly Global Outlook from UOB Group’s Global Economics & Markets Research.
Key Quotes
“Despite IDR’s resilience in 3Q, there are still reasons to be cautious about the IDR going forth. These include a slow vaccination drive casting uncertainty over the economic recovery and a narrowing yield advantage of Indonesia Government Bonds over USTs. A persistent and widening twin deficit also anchors a gradual uptrend in USD/IDR over the medium term.”
“As such, we reiterate our view of a higher USD/IDR but have moderated the trajectory in view of current market developments. The updated point forecasts at 14,600 in 4Q21, 14,700 in1Q22, 14,800 in both 2Q and 3Q22.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
