Depreciation trend persists as oil shock weighs – MUFG

MUFG’s Lloyd Chan argues that while the pace of Rupiah depreciation may slow, the broader weakening trend is set to continue. USD/IDR has pulled back as crowded long positions unwind and some foreign inflows return, but elevated US yields and high Oil prices remain headwinds. MUFG maintains its USD/IDR forecast at 18,350 by end-2026. Rupiah […]

What is driving the US Dollar’s sharp decline before NFP?

The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, slides below 99.00 to its lowest level in over a week on Thursday. At the time of writing, DXY trades around 98.90, down 0.67% on the day, after reaching 99.86 on Wednesday. A sharp rally in the Japanese […]