USD/IDR Lower Tad; 9,130-9,155 Range Tipped

Forex News USD/IDR lower a tad at 9,140 vs 9,155 last close thanks to falling oil prices recently, dealers say. "Falling oil prices are expected to reduce the pressures on the inflation here," dealer says. Bid from oil importers, however, has prevented pair from falling much further this morning, dealers say. 9,130-9,155 day range tipped.

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USD/THB Steady; BOT Intervention Eyed

Forex News USD/THB opens little changed at 33.34 vs 33.33 at Friday's close, with some buying by interbank players. But likely selling by central bank capped gains, now quoted at 33.30-33.34, says local dealer. Adds pair tipped to fall but only gradually as ongoing political tension still clouds market. Pair pegged in 33.25-33.40 band.

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China Shares May Open Up On Oil But Gains Capped

Forex News China shares may open higher on continued decline in crude oil prices. Shanghai Composite Index tipped to test psychological resistance of 2850 after ending +3.5% at 2778.37, helped by gains in oil refiners, airlines. "But a rebound helped by only these sectors is not sustainable, as investors will still avoid financial firms and property developers because of concerns about the slowing economy," says Wu Feng at TX Investment. Shenzhen index +3.0% to 824.68 Friday.

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USD/CNY May Fall But Unlikely To Reach Record Low

Forex News USD/CNY may drop after USD proved fairly stable in international markets Friday night, but to keep above historical low of 6.8103, says Shenzhen-based dealer with local bank; tips central parity rate to be set around 6.8150, roughly in line with spot close of 6.8169 Friday, but adds, "when the dollar doesn't offer any lead (in U.S. trade) that usually creates some scope for the pair to fall a little." Adds, given market's recent momentum, doesn't see much scope for adjustment before spot hits 6.8000.

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