OctaFX | OctaFX Forex Broker
Open trading account

BI Survey: Indonesia's Retail Sales drop 0.5% YoY in Dec, Rupiah keeps highs

Indonesia's Retail Sales dropped by 0.5% on the year in December vs. a 1.3% rise seen in November, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday.

The survey also predicted retail sales would decline 3.1% on an annual basis in January, Reuters reports.

The year-end festivities failed to lift the country’s consumer spending in December.

FX Implications

The Indonesian Rupiah (IDR) corrects from multi-day highs reached vs. the US dollar at 13,727.5 on Monday. The fading China coronavirus concerns seem to lend support to the Asian currency, as markets ignore poor Indonesia’s Retail Sales data.

At the press time, the USD/IDR cross trades at 13,688, down 0.50% so far, having hit a daily low at 13,680.

  • USD/IDR Price Analysis: Probing channel support at 13,680


FXStreet Indonesian Site - new domain!

Access it at www.fxstreet-id.com

BNP Paribas: US 10-year yield could drop to 2016 low before rising to 1.95% - Bloomberg

The rally in the US treasuries and the resulting drop in yields due to virus-scare could be limited as China stimulus and the US economic recovery wil
Read more Previous

USD/JPY Price Analysis: Justifies Monday’s bullish spinning top

USD/JPY registers 0.10% gains while rising to 109.85 by the press time of the pre-European session on Tuesday.
Read more Next
Start livechat