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1 Aug 2022

USD/IDR faces a probable drop to 14,812 and below – UOB

Further weakness could force USD/IDR to revisit the 14,812 area and probably below in the near term, suggested Quek Ser Leang at UOB Group’s Global Economics & Markets Research.

Key Quotes

“USD/IDR dropped sharply to a low of 14,825 last Friday (29 Jul). While the rapid drop appears to be overdone, there is scope for USD/IDR to dip below the major support at 14,812 (55-day exponential moving average).”

“For this week, a sustained decline below this level is unlikely (the next support is at 14,780). Resistance is at 15,000.”

Aug 1, 2022

US Dollar Index Price Analysis: Further losses not ruled out

DXY navigates the fourth consecutive session with losses and revisits the 105.30 region at the beginning of the week. The index broke below the multi-
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Aug 1, 2022

South Africa Total New Vehicle Sales increased to 43593 in July from previous 41019

South Africa Total New Vehicle Sales increased to 43593 in July from previous 41019
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