USD/IDR Price News: Indonesian rupiah off the highs near 14,500 on BI Warijiyo’s comments
|“Early assessment of COVID-19 curbs shows 2021 GDP growth can be below earlier forecast,” Bank Indonesia (BI) Governor Perry Warjiyo said in a speech on Monday.
Additional comments
Measures needed to mitigate the impact of mobility restrictions, private consumption.
2021 GDP growth seen at 3.8% under early assessment.
Continues to conduct fx market stabilization measure.
Inflation still low, due to weak demand.
Inflation in 2021 seen below 3%.
Market reaction
The Indonesian rupiah is reversing the bullish opening gap amid a broad US dollar rebound and the downbeat comments from BI Governor Warjiyo.
USD/IDR now trades at 14,491.5, down 0.23% on the day, having reached three-day lows at 14,477.5 earlier today.
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.