USD/IDR to gap up at open, BI ready to intervene

Cortland Daignault

4/8/2025 2:50:05 PM

USD/IDR to gap up at open after extended Eid holidays
Pair ended at 16555 last, NDFs ended at 16900-16700 in NY
Intervention from the central bank sent the 1 mth down from 17300 high
BI will aggressively intervene in domestic markets when markets open today
BI reportedly had summoned trading heads to a meeting on markets yesterday
Indo stock exchange to halt trading if markets fall more than 20%
Indonesia wants fair and equal relationship with US, President says
Trump had imposed at 32% reciprocal tariff on Indonesia
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