OCBC: USD/IDR Nears 18,000 as Oil, Yields and Firm Dollar Weigh on Rupiah

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USD/IDR briefly traded back towards 18,000 as higher Oil prices, elevated US Treasury yields and a firm Dollar weighed on the Indonesian Rupiah, OCBC's Christopher Wong reports. Bank Indonesia has shifted its intervention toward NDF and DNDF, a move seen as more effective and less reserve-intensive. External headwinds keep upside risks in place for the pair.

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