USD/IDR to remain stable or fall within a 14,200-14,500 range amid rising energy prices – Credit Suisse USDIDR Indonesia RussianFederation Commodities Banks
“Assuming that the prices for coal, LNG and nickel remain elevated amid Russia sanctions uncertainty, Indonesia’s nominal exports stand to gain as long as the country’s overall production throughput and export volumes remain steady.”
“We think the potential gain in export values points to stability for the rupiah, offsetting the effects of geopolitical tensions and“We expect USD/IDR to remain stable or fall within a 14,200-14,500 range.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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