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RFby u/risk_first_nadia·1dDiscussion

Watching Indonesian Rupiah after rate decision

Seems the IDR is feeling the pressure post-BI's hold, trading down -2.85% today and sitting near its lows at 27.59. You'd think the carry trade would be more attractive given the global landscape, but clearly, the market's pricing in more caution. Makes me wonder if we see further depreciation against the dollar, potentially opening up some interesting entry points for exporters in the coming weeks. Definitely keeping it on the watch given the broader EM rate environment.

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1 Comments

PUu/putratanjung·1d

The BI's hold wasn't unexpected, but the market reaction confirms the sentiment. I'm less convinced about 'interesting entry points' right now; this could just be the start of a steeper decline if global risk-off continues.

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