- Analytics
- News and Tools
- Market News
- USD/IDR faces extra side-lined trading – UOB
USD/IDR faces extra side-lined trading – UOB
According to Markets Strategist Quek Ser Leang at UOB Group, USD/IDR is seen navigating within the 14,610-14,960 range in the short term.
Key Quotes
“We highlighted last Monday (10 Apr, spot at 14,905) that ‘weakness in USD/IDR has yet to stabilize’ and held the view that USD/IDR ‘could weaken further but February’s low of 14,830 is likely out of reach’. The anticipated weakness exceeded our expectations as USD/IDR plummeted to 14,640 on Friday.”
“Severely oversold conditions suggest that USD/IDR is unlikely to weaken much further. This week, USD/IDR is more likely to trade in a range, expected to be in a range of 14,610/14,960.”
© 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
