HALISTER1: INSIDE INDONESIA: Rupiah Falls Ahead of 3Q GDP, Reserves Data

INSIDE INDONESIA: Rupiah Falls Ahead of 3Q GDP, Reserves Data

(Bloomberg) -- Rupiah down 0.1% at 13,075 per dollar; Bloomberg survey sees GDP growth at 5.08% y/y vs 5.18% in 2Q, which was fastest expansion in more than two years.
  • Jokowi blames “political actors” for Jakarta rally violence
  • USD/IDR 1-month NDF down 0.1% to 13,178, below 200-DMA at 13,278 with bullish momentum indicators; chart here
    • NDF also above 55-DMA at 13,150
  • October foreign reserves data due today, no set time; trend here
  • Global funds net sold $69.6m local equities Nov. 4: exchange data
  • 5-year credit-protection costs for Indonesia rose 1bp on Nov. 4 to 160.5bps, highest daily close since Aug. 3, according to CMA New York data on credit-default swaps
  • Yield on 8.375% govt bond due September 2026 closed Nov. 4 up 8bps to 7.334%
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Source: BFW (Bloomberg First Word)

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