USD/IDR shrugs-off USD weakness, Jakarta economic re-opening. Indonesia records highest one-day rise in COVID-19 cases amid easing policy. All eyes on US CPI and Fed’s economic projections. USD/IDR trades with sizeable gains on Wednesday, clinging to the 14K barrier, as the bulls remain undeterred by the pre-Fed decision caution and broad-based US dollar weakness. Markets are readjusting their US dollar positions ahead of the Fed’s interest decision and the economic projections, especially after the excellent US NFP data pointed towards a V-shaped economic recovery. On the IDR-side of the equation, the Indonesian rupiah fails to take advantage of the optimism around the re-opening up of the capital, Jakarta, as the country’s highest single-day increase in the coronavirus cases dampens the investors’ sentiment. Attention now turns towards the US Fed event for the next direction in the US dollar. Meanwhile, the spot will take cues from the broad market sentiment, in the meantime. USD/IDR technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: The probable test of 1.1390 loses momentum – UOB FX Street 3 years USD/IDR shrugs-off USD weakness, Jakarta economic re-opening. Indonesia records highest one-day rise in COVID-19 cases amid easing policy. All eyes on US CPI and Fed’s economic projections. USD/IDR trades with sizeable gains on Wednesday, clinging to the 14K barrier, as the bulls remain undeterred by the pre-Fed decision caution and broad-based US dollar weakness. Markets are readjusting their US dollar positions ahead of the Fed’s interest decision and the economic projections, especially after the excellent US NFP data pointed towards a V-shaped economic recovery. On the IDR-side of the equation, the Indonesian rupiah fails to take advantage of the optimism… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
