USD/IDR Price News: Indonesian rupiah renews four-month low at 14,365, ignores upbeat Consumer Confidence
|The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index improved further to 85.8 in February when compared to 84.9 booked in January.
FX Implications
The USD/IDR pair refreshes four-month highs at 14,365 despite the improvement in Indonesian consumer confidence. The spot adds 0.52% on the day.
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