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USD/IDR Price News: Rupiah off daily lows near 14,385 on strong Indonesian Retail Sales

Indonesia's Retail Sales rebounded 6.5% on the year in October vs. a 2.2% drop seen in September, the latest survey conducted by Bank Indonesia (BI) showed on Friday.

The central bank predicts a 10.1% annual growth in retail sales in November.

FX implications

USD/IDR is off the two-day highs of 14,385 on the upbeat Indonesian data.  

At the press time, USD/IDR is trading at 14,377.50, up 0.19% on a daily basis, extending its recovery momentum from weekly lows of 14,310.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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