USDIDR's weakness will last as Yuan in depreciation mode

USDIDR could and might touch Rp14,800, highest level during President Joko Widodo administration.

There is a possibility Rupiah go beyond Rp14,800 and reach Rp15,000 but i predict it won't happen since Rp14,800 should be a strong psychology Resistance.

However, Rupiah should move within a range of Rp14,300 - Rp14,600 for the rest of 2018.

Rupiah should appreciate below Rp14,200 to open possibility of strengthening below Rp13,xxx again.

Kommentera:

Yuan is getting weaker against US Dollar as effect of Trade War.

As Indonesia's trade related data seems week (despite improving CAD in 1Q19), Rupiah tends to continue depreciating.