USD/IDR Price News: Rupiah corrects from near three-week tops amid weak Indonesian Retail Sales

Dhwani Mehta FXStreet

Indonesia's Retail Sales dropped by another 2.1% on the year in August vs. a 2.9% decrease seen in July, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Monday.

FX implications

USD/IDR bounced off from near three-week troughs of 14,197.50 on weak Indonesian data.

At the press time, USD/IDR trades at 14,215, down 0.04% on a daily basis, as the rupiah pares back gains.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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