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Indonesia Forex Reserves At $141.4 Billion At End-Feb - Central Bank Indonesia foreign exchange reserves rose slightly in February to $141.4 billion at the end of the month, compared to $141.3 billion a month earlier, Bank Indonesia said in a statement on Tuesday. The central bank said the increase was attributed to Indonesian government withdrawal of foreign borrowing as well as tax revenue.

Forex Today: Dollar and Gold rallying amid continued search for safety Risk aversion   was again the main market motor amid the Russian invasion of Ukraine. The attacks have continued throughout the weekend, with multiple civil casualties and no safe corridors opened. The third round of talks ended with   “small advances, ” according to Kyiv representatives, although nothing that could ease the pressure on financial markets. The American Dollar and Gold made the most out of the dismal mood, appreciating sharply. The EUR/USD pair fell to a fresh multi-month low of 1.0805 and trades nearby at the end of the day. GBP/USD also collapsed, currently changing hands a handful of pips above a multi-month low of 1.3101. Spot  gold surged to $2,002.64,  its highest since August 2020 but settled at around $1,986 a troy ounce. WTI traded as high as $130.50 a barrel, pulling back to the $120 price zone where it currently stands. The CAD and the AUD started the day advancing agains...

Forex Today: Dollar Rally Loses Steam On Ceasefire Hopes The dollar continued to gather strength against its rivals and the US Dollar Index (DXY) reached its highest level since June 2020 in the American trading hours on Wednesday. Reports of Russian negotiators looking to discuss a ceasefire with Ukraine, however, triggered a relief rally and forced the greenback to lose interest. Delegations are expected to meet on Thursday and the market mood remains cautiously optimistic. Later in the day, January PPI from the euro area, the European Central Bank's Monetary Policy Meeting Accounts, the weekly Initial Jobless Claims and ISM Services PMI from the US will be featured in the economic docket. FOMC Chairman Jerome Powell will testify before the Senate Banking Committee. On the first day of his semi-annual testimony, Powell confirmed that a 25 basis points rate hike in March would be appropriate. Powell voiced his concerns over the inflation outlook and n...