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The post Indonesia: Deficit seen contained – UOB appeared on BitcoinEthereumNews.com. UOB Global Economics & Markets Research economists Enrico Tanuwidjaja and Vincentius Ming Shen assess Indonesia’s fiscal metrics, noting a primary surplus in May despite rapid expenditure growth. They highlight strong tax-driven revenue supported by the Coretax system, elevated central government spending on social programs, and maintain a 2026 fiscal deficit forecast near 2.9% of Gross Domestic Product (GDP), with potential narrowing if tax reforms and spending cuts succeed. Fiscal stance, deficit and financing risks “Indonesia’s fiscal position improved in May, with the primary balance returning to a surplus of IDR58.6tn.” “As a result, the fiscal deficit widened slightly to 0.70% of GDP from 0.63% in April, although it remained well below the statutory ceiling of 3% of GDP, preserving ample fiscal policy flexibility.” “Looking ahead, prudent fiscal management remains essential.” “We maintain our fi
Read full articleIndonesia's potential market reclassification could lead to significant capital outflows and increased scrutiny, impacting investor confidence. The post S&P Dow Jones Indices puts Indonesia on watch list for potential market reclassification appeared first on Crypto Briefing.
The post Chinese Yuan: Range trade holds with modest downside against US Dollar – UOB appeared on BitcoinEthereumNews.com. UOB’s Quek Ser Leang notes that the US Dollar against the Chinese Yuan has stayed within the previously flagged range, with only modest upward momentum despite a push toward 6.8000. He still sees USD/CNH confined between 6.7750 and 6.8080 over the next 1–3 weeks, with nearby support at 6.7900 and 6.7850 and major resistance at 6.8080. Dollar stays capped in defined range “24-HOUR VIEW: Yesterday, we were of the view that USD “is likely to trade in a range between 6.7800 and 6.7930.” We were incorrect, as USD rose to a high of 6.7998. Despite the advance, upward momentum has not increased much. However, USD could potentially rise above 6.8000. The major resistance at 6.8080 is unlikely to come under threat. Support is at 6.7900, followed by 6.7850.” “1-3 WEEKS VIEW: Last Wednesday (01 Jul, spot at 6.7920), we highlighted that the recent USD “strength has come to an
The post Singapore Dollar: Upside risk stays contained against US Dollar – UOB appeared on BitcoinEthereumNews.com. United Overseas Bank’s (UOB) Quek Ser Leang notes USD/SGD closed almost unchanged near 1.2924, but short-term momentum has turned slightly lower. Leang expects intraday price action to stay within 1.2900–1.2935, while over the coming weeks the risk of a break below 1.2890 is increasing, with another firm support at 1.2875 and strong resistance at 1.2955 capping the topside. Downward bias with range constraints “24-HOUR VIEW: Yesterday, we indicated that USD “is likely to trade in a range between 1.2900 and 1.2935.” While USD traded within a higher range than expected (1.2913/1.2938), it closed largely unchanged at 1.2924 (+0.04%). While there has been a slight increase in downward momentum, this is likely to lead to USD trading in a lower range of 1.2900/1.2935 rather than a sustained decline.” “1-3 WEEKS VIEW: We have expected USD to trade in a range since early last wee
The widening trade deficit may dampen GDP growth, complicate Fed policy, and signal potential inflationary pressures, impacting market stability. The post US trade deficit blows out to $77.6B in May 2026, hitting GDP outlook appeared first on Crypto Briefing.
The ESM's warning highlights the eurozone's vulnerability to geopolitical tensions, potentially impacting fiscal stability and investor confidence. The post European Stability Mechanism warns of recession risks in euro area as GDP growth could flatline appeared first on Crypto Briefing.
Indonesia's zero-tax IFC in Bali could transform its economy by attracting global financial firms, diversifying beyond tourism and commodities. The post Indonesia plans 0% income tax rate for international financial center in Bali appeared first on Crypto Briefing.
The local currency settlement framework may accelerate regional economic integration and challenge the dominance of private digital assets. The post India and Indonesia launch local currency settlement framework to reduce dollar reliance appeared first on Crypto Briefing.
President Trump is rejecting modest economic targets and insisting the U.S. can achieve explosive double-digit GDP growth instead of settling for 4%. In a new interview with CNBC, Trump challenges the idea that U.S. growth is capped at conventional levels. “There’s no reason we should stop at 4%. We should be at 12% and 13% […] The post Trump Blasts Fed, Says ‘Horrible Derangement Syndrome’ on Growth and Inflation Has Infected Central Bank appeared first on The Daily Hodl.
