- The Rupiah is not alone in facing depreciation pressures despite the weakening DXY index, as the USD remain relatively stable against some Asian currencies.
- Despite its less-flexible policy signal, the solid FX reserve may help to deter speculators while also allows BI to be more active in the currency market.
- FFR cut expectations, and improving outlook on anchor Asian currencies, may open the room for BI to deliver on its rate cut signals.
