Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/IDR to reach 15,000 by end-2024 – ANZ

Economists at ANZ Bank analyze Indian Rupee’s (INR) and Indonesian Rupiah’s (IDR) outlook for the next year.

RBI to keep the Rupee within a narrow trading range

India is benefiting from a structural increase in foreign direct investment inflows. Bond index inclusion from 2024 will see consistent foreign buying of Indian government bonds by asset managers. However, this is unlikely to benefit the INR, as we expect the RBI to absorb those inflows and continue to keep the currency within a narrow trading range.

IDR is among the better performers in the region so far in 2023, thanks to favourable terms of trade. But as the commodity prices for its major exports decline, this will lead to a deterioration in Indonesia’s current account into 2024, which will limit the extent of IDR appreciation. We forecast USD/IDR to reach 15,000 by year-end 2024.

 

Forex Today: US Dollar remains fragile ahead of mid-tier US data

Here is what you need to know on Thursday, December 28: The US Dollar (USD) continued to weaken against its rivals mid-week, with the USD Index dropping to its lowest level in five months below 101.00.
Read more Previous

Pound Sterling rallies on improved risk appetite

The Pound Sterling (GBP) prints a fresh four-month high as investors hope that the Bank of England (BoE) will maintain a restrictive monetary policy stance for a longer period than other Group of Seven economies.
Read more Next