Daily Forex Report

MUFG Bank, Jakarta Branch FOREX DAILY REPORT Tuesday, Okt 15, 2019

Major Currencies

 “Cautious optimism” on BREXIT front, according to a news report, sources on both the UK and the EU sides have indicated that after a positive day of negotiations, a potential solution to the Northern Irish border problem had been found. This “cautious optimism” represents a marked shift in tone from that of EU chief negotiator Michel Barnier who had previously talked down the recent progress. The positive noise helped the Euro and Sterling rose against the dollar as much as 0.20% and 0.70%, respectively, before giving up most gains. The dollar index was relatively flat at 98.450 as per this report was written.

Bloomberg reports that China wants more talks the end of October to hammer out the details of the “phase one” trade deal outlined by U.S. President Donald Trump before Chinese President Xi Jinping agrees to sign it.

USD/IDR

The pair was opened at 14,140 relatively flat compare to yesterday. The pair was traded on a narrow range during the morning session. After the lunch break the pair was traded higher reaching 14,170, following other currency in the region as the US – China trade optimism fades. USDIDR was closed at 14,170.

Indonesia returns to trade deficit in September. Based on report from The Statistic Bureau, trade deficit was recorded USD 160.5 Million in September compare to of USD 112.4 Million surplus recorded in August. Indonesia Export dropped by 5.74% annually in September to USD 14.1 Billion. Oil and Gas shipments dropped by 37.1% while mining and others dropped by 15%. Import also fell 2.41% on annual basis to USD 14.26 Billion.

 

Closing market on 15 Oct 2019                 Jakarta market at 4:45 pm on 15 Oct 2019

Nikkei  : 22,207.21      (+408.34)             USD/JPY  : 108.28 / 108.31

JGB     : -0.175          (+0.010)                EUR/USD : 1.1012 / 1.1014

JSI      : 6,158.166     (+31.289)              USD/IDR  : 14,165

                          

Closing market on 14 Oct 2019                                                         

DJI     : 26,787.36      (-29.23)                     

 

 

  TREASURY ADVISORY
Alia Fatmawati, Amanda Kinantya, Amelia Damayanti, Arfilia Amanda,
Argo Aji Nugroho, Caroline Pandea, Dicky A Abdurrahman, Dimas Satya, Elvinawaty, Evi Nurul Arafah, Kristian Yusak Djumali, Mirawati Pranoto, Natasya Ihza, Palmella Putri, Ronal Murni, Rudy Sugiharto, Topik Hidayat, Victoria Wikan. 
The above information is elaborated from reliable sources and presented without any responsibility of MUFG Bank, Ltd-Jakarta branch

 

 

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