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Indonesian FinMin Indrawati announces nearly $750 mln stimulus package to counter coronavirus impact

On Tuesday, Indonesian Finance Minister Sri Mulyani Indrawati rolled out a 10.3 trillion rupiah ($748.55 million) stimulus package, in an effort to cushion the blow of the China coronavirus outbreak on its economy.

The outbreak in China, Indonesia's top trade partner and a major source of investment and tourists, could further weaken Indonesia's growth to 4.7% in 2020, from 5.02% in 2019, Indrawati warned.

Rupiah off seven-week lows

The above announcement offered some respite to the IDR bulls, as USD/IDR eased-off a new seven-week high at 13,907.50 to now trade near 13,882 region, still up 0.13% on the day.

EUR/USD firmer, challenges weekly highs above 1.0860

The shared currency is extending the positive tone for yet another session on Tuesday and is lifting EUR/USD to the area of weekly tops in the 1.0865/
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GBP/USD jumps to session tops, inching back closer to 1.30 mark

The GBP/USD pair refreshed daily tops during the early European session, with bulls now eyeing a move towards reclaiming the key 1.30 psychological ma
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