USD/IDR drops back below 13,700 on upbeat Indonesian Trade data
According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a much smaller-than-expected trade deficit in December.
Indonesia reported a trade deficit of $-0.03 billion vs. $-0.47 billion expected and $-1.33 billion previous. The imports and exports came in at -5.62% and +1.28% respectively vs. -6.3% and -3.03% expectations and -9.24% and -5.67% respective priors.
The median forecast from economists was for a $0.47 billion trade deficit last month, the Reuters poll showed last week. Indonesia to post smaller trade deficit in December - Reuters poll