The Indonesian Rupiah was a shock outperformer in January. Economists at MUFG Financial institution count on the USD/INR to stabilize within the short-term earlier than transferring to 14,500 by year-end.
Some near-term consolidation after robust January features
“For USD/IDR, we see some near-term consolidation after robust January features. Thereafter, we retain our view of the IDR making extra inroads in opposition to the USD later this 12 months.”
“We forecast USD/IDR at 14,500 by the top of 2023.”
See – USD/IDR Worth Information: Rupiah rises in direction of $15,000 on upbeat Indonesia GDP, give attention to China, Fed updates
Read the full article here
Discussion about this post