USD/IDR Price News: Indonesian rupiah bounces-off four-month lows at 14,472 as Retail Sales improve
|Indonesia's Retail Sales plunged by 16.4% on the year in January vs. a 19.2% slump seen in December, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday.
The slowdown in the retail sales decline came on the back of an improvement in the sales of food and beverages, tobacco and clothes.
The Bank Indonesia survey forecasts a 16.5% YoY in the sales in February, per Reuters.
FX implications
The Indonesian rupiah (IDR) trims losses against the US dollar amid a minor improvement in the Indonesian Retail Sales.
At the press time, USD/IDR trades at 14,415 up 0.45% on a daily basis, having eased from four-month highs of 14,472.5.
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.