Bank Indonesia maintains interest rate, FDI data becomes the focus of attentionPosted
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Bank Indonesia kept its benchmark interest rate at 4.75% in July in order to maintain the stability of the domestic fina>quotencial and macroeconomic system while monitoring foreign risks. Although Indonesia's economic fundamentals remain promising, BI may be driven to maintain a passive position in order to maintain economic stability.
The main event risk for Indonesia and the Rupiah on Tuesday is the release of the 2nd Quarter Foreign Direct Investment (FDI) report. The market will strongly monitor this data to see if the upgrade of S & P Indonesia to investment worth positively impacts foreign investment in the second quarter of 2017. The increase in foreign direct investment could increase the bullish sentiment towards Indonesia's economy so that it has a positive impact on Rupiah and Composite Stock Price Index.
Outside of Indonesia, attention will be paid to the decision of the Fed rate that may affect the Rupiah if the bank
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