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USD/IDR rallies on NDFs

Tuesday, February 24, 2015 2:40 AM UTC

USD/IDR trades higher, lifted by panic buying in NDFs overnight
USD/IDR traded 12870 high so far, local demand strengthens further
Hedge funds, regional sales sent 1month back to 13000 last, vs 13070 high
Strong resistance at 12900 doubtful to break
USD/IDR last 12865-12875, traded 12855-12870 range so far
NDFs last 12975-13015; JKSE +0.05%

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USD/IDR rallies on NDFs

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