Indonesian Consumer Confidence jumps to 126.4 in Dec, Rupiah hits two-day highs
|The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index improved further to 126.4 in December when compared to 124.2 booked in November.
The USD/IDR pair extends its correction from six-day highs of 13,970, as the retreat in oil prices amid fading Mid-East tensions and profit-taking lift the Asian currencies.
At the press time, USD/INR flirts with two-day lows of 13,897.50, down -0.24% on the day. The Indonesian rupiah also found some support from the upbeat domestic data.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.