#USDIDR @ 14,840.0 faces some range bound trade near term – UOB
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USD/IDR could extend its consolidative mood within the 14,770-14,920 range for the time being, notes Quek Ser Leang, FX Strategist at UOB Group’s Global Economics & Markets Research.
“Our expectations for USD/IDR to advance last week did not materialize as it traded between 14,815 and 14,933. Upward pressure has eased and USD/IDR is likely to consolidate between 14,770 and 14,920 this week.”
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