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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
13 Mar 2020

USD/IDR: Indonesia's Rupiah slips to lowest since November 2018

  • Indonesia's Rupiah has dropped to 16-month lows. 
  • Indonesia's finance minister announced fiscal stimulus with tax breaks. 

Indonesian Rupiah (IDR) is losing ground on Friday despite the Finance minister announcing a fiscal stimulus to counter the coronavirus-led slowdown. 

The USD/IDR pair is currently trading at 14,980, the highest level since September 2018. 

Indonesia's Finance Minister was out on the wires a few minutes before press time, stating that a fiscal stimulus of IDR 120 trillion or 0.8% of the gross domestic product will be provided to support the economy. 

He added further that the government will exempt income tax for workers in the manufacturing sector earning a below-200 million IDR annual salary. The tax relief will begin in April and last for six months. 

So far, the stimulus news has failed to put a bid under IDR and Indonesia's stocks. The benchmark index IDX Composite is currently reporting a 5% drop on the day. 

Markets across the globe are struggling to cheer stimulus talk. In fact, the S&P 500, Wall Street's benchmark index, fell by over 9% on Thursday even though the Federal Reserve unveiled stimulus worth $1.5 trillion in an effort to combat "temporary disruptions" in funding markets.

Technical levels

 


 

Mar 13, 2020

USD/MXN Price Analysis: Mexican Peso marks fresh losses inside short-term rising channel

USD/MXN renews the bullish trend as taking the bids to 22.10, up 0.85%, during the early Friday. In doing so, the pair stays inside a short-term ascen
Read more Previous
Mar 13, 2020

USD/INR flashes the record high as coronavirus triggers Indian stocks crash

USD/INR refreshes the record top to 75.65, currently around 74.54, amid the initial Indian trading session on Friday.
Read more Next