USD/IDR Price News: Indonesian rupiah drops to 14,795 despite improved Consumer Confidence

The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index worsened to 86.9 in August when compared to 86.2 booked in July.

FX Implications

The USD/IDR pair spike to a new two-day high of 14,795 despite the improvement in the Indonesian consumer confidence. The spot is up 0.44% on the day.

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