Citi considers the Indonesian rupiah undervalued following recent US dollar strength.

Indonesia expects S&P Global Ratings' affirmation of its sovereign credit profile to help stabilize the domestic bond market after a June selloff.

Bloomberg reports that Indonesian President Prabowo's clampdown on tycoons is causing high-net-worth individuals to flee capital, fearing further forceful measures.

Asian currencies consolidated against the dollar in early trade; rising oil prices and U.S. Treasury yields may weigh on risk sentiment.

President Trump said he would handle a possible Red Sea blockade if it occurs.

Iran claimed its naval air defense shot down a US LUCAS drone off the southern coast, citing state media photos of a damaged drone.

ASEAN ministers are meeting; Indonesia is set to announce its interest rate decision; South Korea will release GDP data.

China expressed hope that Indonesia will provide a stable and transparent policy environment for its mineral sector as the two countries deepen economic ties.

The Atlanta Fed GDPNow model maintained its forecast for US Q2 2026 real GDP growth at 1.7%.

Asian currencies traded subdued as Middle East tensions offset a softer dollar, with the yen under particular pressure.

Asian currencies consolidate, potentially weighed by risk-off sentiment according to WSJ.

Philippine Foreign Ministry stated all stakeholders are committed to creating a meaningful Code of Conduct.

Chinese domestic futures closed mixed overnight, with PTA down over 2%, synthetic rubber up over 1%, and plastic and soybean meal up nearly 1%.

S&P Global Ratings affirmed Indonesia's investment-grade credit rating with a stable outlook, providing reassurance to investors.

Bloomberg Economics reports that $1.6 billion of Russian diesel, fuel oil and other products have been funneled from Indonesia's Karimun island into major Asian markets.

Indonesia received its first Russian crude oil shipment under an April supply deal, delivering 770,000 barrels to Balikpapan at end of June, per customs data cited by Bloomberg.

Indonesia launched a 50% palm-diesel blend mandate to boost energy security by diverting more palm oil for domestic use and reducing imported fuel reliance.

Indonesia imported Russian crude oil for the first time after an April deal with Moscow, indicating Moscow is expanding customers amid the Iran conflict.

The post reports that global inflows into Indonesian sovereign bonds are expected to continue due to high yields and expectations that interest rate hikes are nearly over.