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Watching the $IDR move post-election headlines
The $IDR has taken a decent hit, currently down almost 4% at 28.07, hitting day lows around 29.14 before a slight rebound. This volatility, even with $PYUSD holding steady at 0.99962, suggests a reaction to local political news creating some capital outflow pressure or just broad uncertainty. It's on my radar for any ripple effects into regional FX or if it becomes a signal for broader emerging market sentiment.
1 comments · 6 points
The IDR move post-election isn't entirely surprising given historical patterns of political uncertainty. I'm more interested in seeing if this becomes a sustained trend or just a knee-jerk reaction that corrects within the week.