IDR succumbed to Dollar strength in February. Economists at MUFG Bank expect the Rupiah to struggle near-term, but see the USD/IDR moving back lower to 14,700 by end-2023.
Rising US 10-year yields to pose headwinds to the IDR
“We anticipate a roughly balanced current account for 2023, with IDR headwinds from potential financial account outflows in H1 reversing to inflows in H2. Hence, the IDR may face some downside pressures in the near-term as yield differentials with the US narrow further.”
“We forecast USD/IDR at 15,300 at the end of Q2.”
“At the end of the year, we see USD/IDR at 14,700, helped by a potential shift in US rate stance towards neutrality, China’s reopening, and a possible commodity market rally.”
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: followme.asia
加载失败()