Halister News

(Bloomberg) -- Rupiah rises 0.1% to 13,482 per dollar, according to prices from local banks compiled by Bloomberg.

• Pivot point at 13,522; USD/IDR support at 13,476, 13,454, 13,386; resistance at 13,544, 13,590, 13,658
• USD/IDR 1-month NDF steady at 13,565; slow stochastics %K at 41, highest in a month
• BI to boost derivatives to 36%-42% FX trades in 2016
• Latest RRR cut to add 165t rupiah potential capital for economic development, according to director at economic and monetary policy department
• BI may lower rates twice by June, with the next reduction possibly in April, while RRR could be cut 50 bps to 6.0%, Barclays economists write Feb. 19 note
  • Accelerated easing increases chances government’s 5.4% growth target will be met this year, shielding economy against falling commodity prices: Barclays
• Foreign investors were net buyers of Indonesian stocks for fourth straight week last week
• Yield on 10% govt bond due July 2017 closed down 11 bps at 7.543% on Feb. 19, lowest since May; according to IDMA data