Entering the third quarter of 2021, investors will pay close attention to the release of some economic data scheduled for this week; such as the Indonesian Foreign Exchange Reserves and Consumer Confidence Index (CCI). As of June 2021, the forex reserves is still at USD 136 billion, or equal to 9.5 months of imports. Meanwhile, Indonesia’s CCI which has been above 100 for the past 2 months; may potentially be depressed by the implementation of Emergency PPKM in Java-Bali region.
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