USD/IDR: Rupiah uninspired by upbeat Indonesian trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country unexpectedly posted a trade surplus in August. 

Indonesia reported a trade surplus of $0.085 billion vs. $-0.42 billion expected and $-0.06 billion previous. The imports and exports came in at -15.60% and -9.99% respectively vs. -18.12% and -11.40% expectations and -15.21% and -5.12% respective priors.

The median forecast from 11 economists was for a $0.19 trade surplus last month, the Reuters poll showed last week.

Upbeat trade report fails to rescue the Indonesian Rupiah versus the US dollar, keeping the USD/IDR cross at the higher levels near 14,040. The pair hit two-day highs of 14,055 but stalled the upside after Bank Indonesia intervened in bond market to stem the sharp decline in the Rupiah.

 

Source : Fxstreet

Sept 28, 2019

 
Bank note current rate:
  currency buy sell
HKD 0 0
MYR 0 0
THB 0 0
NT 0 0
WON 0 0
DKK 0 0
SEK 0 0
BND 0 0
USD 13,550 0
AUD 9,950 0
SGD 9,875 0
CAD 10,625 0
GBP 18,850 0
EURO 15,825 0
SFR 14,750 0
YEN 117.75 0
NZD 9,500 0
   Last Updated :23 Oct 2021 - 10:26 AM
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