Lee Sue Ann, an economist at UOB Group, sees the Bank of Indonesia (BI) cut key interest in its next assembly on October 13.
“Lower-than-expected expansion rates in the part of the year, in line with low inflationary pressure, and while currency stability remains more ingrained, we expect a 25-point basic rate cut in the fourth quarter, bringing the benchmark rate to 3. 75%.
“BI can also opt for liquidity measures and macroprudential policies. “
The AUD/USD recorded a four-day loss streak while heading for 0. 7100. Retail sales in Australia fell by 1. 5% m/m in September. The market threat tone remains positive as U. S. lawmakers approach fiscal stimulus.
Gold buyers, despite everything extending their grip above $ 1,900, are rejoicing in renewed optimism about US fiscal stimulus.
The USD/JPY is testing lows below 105. 50, basically due to widespread weakness in the US dollar, as progress in fiscal stimulus talks in the US is in the middle of the US. But it’s not the first time It has boosted market confidence and weighs on the market. dollar of paradise.
BTC broke the critical resistance point at $ 12,000 for the first time since September 1. Once again, the flagship cryptocurrency tried to stay above $ 12,000, but the other coins remain stable.
WTI consolidates its decline from its highest point since September 4 with its most recent U-turn of $ 41. 13. Markets expect a bearish trend from oil manufacturers after the IMF’s pessimistic forecasts.
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