Tag Archives: USD/IDR
Asian Currencies Technicals
USD/SGD is hesitating a little following fresh 2014 and 4+ year highs last week with
Asian Currencies Technicals
Time spent below the 21-DMA was brief with Wednesday’s bounce and close back above the
IDR: The fuel subsidy bullet
Jokowi will be inaugurated as the new President of Indonesia next month,
FX Daily: Asia ahead of the pack
Since the USD turned in early July, Asian FX has been outperforming other currency blocs.
The Global Macro Pulse
The IDR was the big mover in Asia trading. USDIDR gapped lower on the open to 11513 before paring its gain to 11560,
The next 48 hours
The next 48 hours will be crucial here in Asia for more than just football. Both the main carry currencies – IDR and INR – have significant event risk to contend with.
The Global Macro Pulse
Consistent with the overall pro-risk tone, the dollar lost ground against Asian currencies.
2014 Shaping Up to be a Worse Year for Emerging Markets
Last year was painful for emerging markets and 2014 is shaping up to be even worse. Among the hardest hit are Brazil, India, Indonesia, Turkey, and South Africa — dubbed the ‘Fragile Five’ by Morgan Stanley last August.
The Global Macro Pulse
The USD was largely steady against majors but strengthened further against EM Asia FX. EUR was essentially unchanged at 1.364. AUD attempted a small rally to 0.888 before retracing to 0.887.
What vol implied ranges tell us about 2014
On EUR/USD, spot has traded a 1.29 handle in each of the last 10years. 2014 is not the moment to break the pattern, given the skew ofbig picture macro risks, from slowly pricing US rate hikes in the shortendof the USD yield curve,
The Global Macro Pulse
EURUSD rallied further in Asia to 1.3756 while AUDUSD and USDJPY were flat at 0.9105 and 103.28, respectively. In EM Asia FX, the MYR has outperformed, appreciating to 3.2005 to the dollar while USDPHP rose to 44.280,
The Global Macro Pulse
The dollar has weakened slightly across the board against EM Asia FX, with the exception of the politics burdened THB. USDIDR and USDINR have fallen about 0.3% and