Indonesian Rupiah: Supported by ratings yet constrained against US Dollar – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong note that S&P’s affirmation of Indonesia’s BBB/A-2 ratings with a stable outlook is mildly supportive for the Indonesian Rupiah (IDR) by removing immediate downgrade risk.
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USD/CHF Price Forecast: Pulls below 0.8100 but remains bullish

The USD/CHF tumbles by 0.70% on Tuesday, trading at 0.8091, as the latest US inflation report prompted market participants to pare hawkish bets that the Federal Reserve might cut the Fed funds rate this year. 
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