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RealMacro

USDIDR Off Beat Pair

Long
U.S. Dollar / Rupiah (FX_IDC:USDIDR)  
RealMacro Updated   
FX_IDC:USDIDR   U.S. Dollar / Rupiah
Trend Analysis Technical Indicators Fundamental Analysis USDIDR
11
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trendanalysis indicator fundamental usdidr
Indonesia tried to print value for the currency as #MMT prescribed. Now it costs 30,000 IDR to buy an cup of espresso!
Soon it will cost 40,000 as the dollar will likely rise from here.
Comment:
Off beat pairs are great money makers if you know how to trade them and are not in rush. Still long.
Comment:
I can't say I am surprised. It now costs an extra 700 IDR to buy $1. In other words, you need about 40,000 IDR to buy a double espresso in Indonesia. LOL!

Could you imagine being on vacation and you needed $40,000 to buy coffee? SMH!

Oddly enough Indonesia wants to join BRICS too. As if that would save their situation.
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