Daily Forex Report

MUFG Bank, Jakarta Branch FOREX DAILY REPORT Tuesday, Mar 26, 2019

Major Currencies

The dollar rebounded modestly against the Yen as Treasury yields pulled back from 15-month lows as investors reassessed the risks of a downturn in the global economy. The pound stuck to a narrow range with British lawmakers scheduled to vote on a range of Brexit options later in a day. Global markets reacted on Monday in the wake of an inversion in the U.S. Treasury yield curve, which has signaled a recession in the past. U.S. consumer confidence and housing-related data was due later in the day and could provide near-term cues for currency market.

Moreover, Euro was steady at $1.1317. The single currency ffell to a 10-day trough of $1.1273 on Monday, also hit by rising concerns about a slowdown in the euro zone economy but made modest gains overnight after a stronger-than-forecast German business confidence survey. Sterling was effectively flat at $1.3197 after spending the previous day confined to a narrow range when British MPs wrested control of the parliamentary agenda from the government for a day in highly unusual bid to find a way through the Brexit gridlock. They will now vote on a range of Brexit options later on Wednesday, giving parliament a chance to indicate whether it can agree on a deal with closer ties to the European Union.

USD/IDR

The pair opened at 14190. Before lunch time, it went down to its lowest level of the day at14160, until finally closed at 14175. The sentiment from an inversion in the U.S. Treasury yield curve still took place.

Closing market on 26 Mar 2019         Jakarta market at 16:10 pm on 26 Mar 2019

Nikkei  : 21,428.39    (-451.28)           USD/JPY  : 110.16 / 110.36

JGB     : -0.070            (-0.020)           EUR/USD : 1.1311 / 1.1318

JKSE   : 6,4670.00     (-58.748)          USD/IDR  : 14,190

 

Closing market on 25 Mar 2019                                                      

DJI      : 25,516.83     (-14.51)    

 

 

TREASURY ADVISORY
Alia Fatmawati, Amanda Kinantya, Amelia Damayanti, Arfilia Amanda,
Argo Aji Nugroho, Caroline Pandea, Dicky A Abdurrahman, Dimas Satya, Elvinawaty, Evi Nurul Arafah, Kristian Yusak Djumali, Mirawati Pranoto, Natasya Ihza, Palmella Putri, Ririn Virgiyanthi, Ronal Murni, Rudy Sugiharto, Topik Hidayat, Victoria Wikan

The above information is elaborated from reliable sources and presented without any responsibility of MUFG Bank, Ltd-Jakarta branch

 

 

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