According to Quek Ser Leang at UOB Group’s Global Economics & Markets Research, USD/IDR remains poised to keep trading in a side-lined fashion between 14,335 and 14,385 for the time being.
Key Quotes
“USD/IDR traded sideways and within narrow ranges for the past few weeks and indicators are mostly flat.”
“Further sideway-trading would not be surprising, likely within a range of 14,335/14,385.”
