JCI’s movement this week may potentially be influenced by various domestic and international economic data releases. Investors will pay close attention to the May 2021 forex reserves as well as Consumer Confidence Index (CCI). The current position of Indonesia’s forex is at USD138.8 billion or equal to 10 months of import. CCI is expected to continue its recovery, after last month breaking through 100 for the first time since March 2020. Globally, market participants will wait for the release of US inflation data which influences the direction of Federal Reserve’s policy.
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