{"id":242916,"date":"2024-02-07T13:10:09","date_gmt":"2024-02-07T07:40:09","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=242916"},"modified":"2024-02-07T13:10:09","modified_gmt":"2024-02-07T07:40:09","slug":"forecast-at-15800-in-q1-2024-mufg-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/forecast-at-15800-in-q1-2024-mufg-crypto-news\/","title":{"rendered":"Forecast at 15,800 in Q1 2024 \u2013 MUFG &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>Indonesia will elect a new president on 14 February. Economists at MUFG Bank analyze Rupiah\u2019s outlook as the USD\/IDR is trading near the highs seen in October 2023.<\/p>\n<h2 class=\"fxs_headline_medium\">Political uncertainty to weigh on the Rupiah<\/h2>\n<blockquote>\n<p>We forecast the USD\/IDR at 15,800 in Q1 2024 and 15,500 in end-2024.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Markets are pricing for the US Fed to only cut rates in May after Fed Chair Powell pushed back on a March rate cut. Along with ongoing domestic election uncertainty, which will weigh on capital inflows, we are cautious on the USD\/IDR. The BI will be in no rush to cut rates in H1 2024 or front-run the Fed in the rate cutting cycle to avoid inviting unnecessary Rupiah volatility.\u00a0<\/p>\n<\/blockquote>\n<blockquote>\n<p>Once external pressures from US rates ease and domestic political uncertainty abates, the Rupiah is expected to regain modest strength against the US Dollar.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Indonesia will elect a new president on 14 February. Economists at MUFG Bank analyze Rupiah\u2019s outlook as the USD\/IDR is trading near the highs seen in October 2023. Political uncertainty to weigh on the Rupiah We forecast the USD\/IDR at 15,800 in Q1 2024 and 15,500 in end-2024.\u00a0 Markets are pricing for the US [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,1404,250,252,247,253,249,1403,256,254],"class_list":["post-242916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-indonesia","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-usdidr","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=242916"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242916\/revisions"}],"predecessor-version":[{"id":242917,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/242916\/revisions\/242917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/29419"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=242916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=242916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=242916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}