USD/IDR: Rupiah off the lows post-upbeat Indonesian trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a smaller-than-expected trade deficit in July after recording two straight months of surplus in June and May.

Indonesia reported a trade deficit of $0.06 billion vs. $-0.42 billion expected and $+0.20 billion previous. The imports and exports came in at -15.21% and -5.12% respectively vs. -18.12% and -11.40% expectations and +2.80% and -8.98% respective priors.

The median forecast from 11 economists was for a $0.42 trade deficit last month, the Reuters poll showed last week.

Upbeat trade report helps the Indonesian Rupiah to recover some ground versus the US dollar, sending the USD/IDR cross lower towards 14,275 levels. The pair hit two-day highs of 14,310 before the data release.

 

Source : fxstreet

Aug 31, 2019

 
Bank note current rate:
  currency buy sell
USD 15,750 0
AUD 10,000 0
HKD 1,925 0
SGD 11,475 0
MYR 3,100 0
CAD 11,300 0
GBP 19,650 0
EURO 16,825 0
SFR 17,300 0
YEN 101.25 0
NZD 9,175 0
THB 350 0
NT 375 0
WON 9 0
DKK 1,935 0
SEK 1,210 0
BND 11,050 0
NOK 1,210 0
SAR 3,700 0
PHP 200 0
RMB 2,100 0
INR 125 0
RUB 80 0
AED 3,750 0
VND 0.42 0
   Last Updated :18 Apr 2024 - 03:27 PM
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