Economist Enrico Tanuwidjaja and Haris Handy of the UOB Group assessed the figures of existing accounts in Indonesia.
“Indonesia’s existing account deficit (CAD) was minimized by 2.20 to $2.9 billion (-1.2% of GDP) compared to the $3.7 billion (-1.4% of GDP) deficit seen in the last quarter; because of industry surpluses and a minimisation in the main source of revenue shortfall. The industry’s balance of goods recorded a surplus of $4.4 billion in 2K20 (compared to USD 1.20 billion – $4.4 billion), due to weakening imports and domestic calls amid restrictions to curb COVID-19. pandemic between April and June.”
“At the same time, the facility deficit is slightly higher balanced, supported by a lack of facilities caused by a significant drop in the number of foreign tourist arrivals. On the other hand, remittances of Indonesian migrant staff (secondary source of income balance) have declined, due to the deterioration of the world economy”.
“The capital and monetary account, which records asset exchanges between Indonesians and their foreign counterparts, recorded a significant surplus in the last quarter, along with minimal uncertainty in the global money market.”
“By 2020, we will be waiting for the DAC to reced from the 2019 position, backed by a decrease in imports of goods and facilities amid declining domestic demand due to the COVID-19 pandemic. However, the speed of DAC relief continues to be measured as expected to be imported and the main source of income deficit to slightly at 2S20 due to the flexibilization of large-scale social constraints, leading to relatively more powerful economic activity and a higher source of income from the lowest point of 2.20 Array In general , we expect the Canadian dollar to adjust to -1.4% of GDP this year. Meanwhile, the OTP’s position will remain resilient due to uncertainty in slowly dissipating global money markets, along with a strong and favourable environment. long-term national expansion prospects. We hope that positive investor perceptions will gradually reced and bring more stability to Indonesia’s external sector.”
Australia’s positive knowledge failed to drive a bullish reaction in the AUD peers. The AUD/USD is quoted about 0.72, the increase would possibly be limited to the fall of gold. The pair fell to 0.7136 before this week after the Fed rejected the performance curve.
Gold is trapped in a channel on the time chart. A channel failure would open the doors to a deeper retreat to recent channels. The consolidation observed in the time chart is preceded by a violation of the uptrend line of 12 and 16 August.
The USD/JPY pair extends Thursday’s losses of 106.21 to Wednesday’s race. Japan’s domestic customer value index rose by 0.3% year-on-year in July, and Jibun Bank’s production PMI exceeded 45.2 in August. Japan eases restrictions for foreign residents, U.S. House speaker Nancy Pelosi confuses observers for stimulus
WTI buyers are attacking $43.00 after a brief pause after $41.68 recoveries. The benchmark power index recently won bids after its turbulent trade of between $42.60 and $42.90, which defied the sudden increase in the US session of $41.68.
The market sent a strong message to foMC on Wednesday: keep the print presses running. The United States followed some of Wednesday’s post-FOMC earnings as the indices recovered, led by the NASDAQ. GBP is the currency of the day and week.
Note: All data on this page is subject to change. Use of this is an acceptance of our user agreement. Read our privacy policy and legal notice.
Margin forex trading carries a maximum threat point and may not be suitable for all investors. The maximum degree of leverage can play both against and in your favor. Before making a decision on the industry’s currencies, you deserve to take your investment goals, your point of fun and your appetite for threats into account. You would possibly suffer the total or partial loss of your initial investment, so you deserve not to invest cash that you cannot lose. It deserves to be aware of all threats related to currency transactions and seek the recommendation of an independent monetary advisor in case of doubt.
The reviews expressed in FXStreet are by individual authors and do not necessarily constitute the prospects of FXStreet or its administration. FXStreet has not verified the accuracy or factual basis of any claim or made through an independent author: errors and omissions may occur. All reviews, news, research, analysis, value or other data contained on this site, through FXStreet, its employees, partners or contributors, are provided as a general market observation and do not constitute investment advice. FXStreet will not accept any liability for any loss or damage, including, but not limited to, any loss of profits, which may be directly or indirectly from the use or accepted as true in this data.