#usd/idr

The post Indonesian Rupiah weakens ahead of Retail Sales data appeared on BitcoinEthereumNews.com. USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session. The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rat

The post Indonesian Rupiah holds losses following Consumer Confidence data appeared on BitcoinEthereumNews.com. USD/IDR gains ground after registering modest losses in the previous day, trading around 18,050 during the Asian hours on Wednesday. The pair holds ground as the Indonesian Rupiah (IDR) remains subdued following the release of the latest Consumer Survey conducted by Bank Indonesia (BI), indicating an optimistic (index >100) Consumer Confidence Index (CCI) of 117.8 in June, against the 120.9 in May. Traders’ attention is focused on Wednesday’s release of the US Federal Reserve (Fed) Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The US Dollar (USD) receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil ta