Forex Investment and Currency Trading

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Entries Tagged as 'Indonesia - IDR'

IDR Outlook

April 7th, 2008 · No Comments

Appreciation of the IDR against the USD in Q1 was in line with the positive view on the currency. Looking ahead, IDR is continued to forecast gains to 9000 by end-2008 (versus the forward 9705), anchored by a balance of payments surplus and a manageable fiscal deficit, despite high oil prices. Bank Indonesia policy bias is IDR supportive as it remains cautious on the inflation outlook. Risk to this view is further volatility in global credit markets to which Indonesia is vulnerable due to the high foreign ownership of government bonds.
The current account remains in a surplus, with exports of [...]

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Tags: Indonesia - IDR