Indonesia

Indonesia's rupiah stays under pressure as downgrade risk, equity outflows and central bank support drive fresh forex volatility.

Nickel steadies near recent lows as Indonesia smelter freeze talk is offset by weak stainless and battery demand signals.

Nickel futures held near $16,600 as Indonesia drought curbs output, while a stronger dollar and Fed rate worries capped metals market gains.

Nickel futures weaken as Indonesia’s ore pricing reset and rising exchange inventories pressure the metals market outlook.