USD/IDR Rebound Puts Key Levels in Focus, OCBC Says
OCBC strategists say USD/IDR has rebounded after a near 2% month-to-date pullback, with key levels and external factors such as oil prices and US rates in focus.
USDIDR
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/IDR is seeing two-way trade, with key levels being watched against the US dollar.
The pair has rebounded after a nearly 2% pullback so far this month. External factors remain important, especially elevated oil prices and US interest rates, according to the bank.
Source: FXStreet Forex News