Indonesian Rupiah Under Pressure, Hawkish BI Bias – Societe Generale
Societe Generale notes Bank Indonesia's reaction function is driven by IDR stability; the Rupiah faces pressure from a stronger USD and hawkish Fed pricing.
USDIDR
Societe Generale has released a note highlighting that Bank Indonesia's (BI) policy stance remains heavily influenced by exchange rate stability, particularly the Indonesian Rupiah (IDR).
The report states that the Rupiah is under pressure from a strengthening US dollar and hawkish Federal Reserve expectations, with stress evident around the USD/IDR level.
No additional details were provided in the brief note.
Source: FXStreet Forex News