USD/IDR rises above 16,600 toward highs since 1998, BI intervenes in spot markets
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The USD/IDR currency pair is approaching historic highs last seen during the 1998 Asian Financial Crisis. Bank Indonesia has actively intervened in spot currency and bond markets to stabilize the Rupiah, which is experiencing significant depreciation due to political uncertainty, government spending concerns, and potential capital outflows.
March 25, 2025 | 9:00 am
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Currency pair trading above 16,600, approaching 16,800 level last seen in 1998. Bank Indonesia actively managing market stability through direct interventions.
Central bank intervention and global economic uncertainties are creating upward pressure on USD/IDR, indicating potential continued appreciation of the pair.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100