USD/IDR Price News: Rupiah corrects from near three-week tops amid weak Indonesian Retail Sales

Indonesia’s Retail Sales dropped by another 2.1% on the year in August vs. a 2.9% decrease seen in July, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Monday.

FX implications

USD/IDR bounced off from near three-week troughs of 14,197.50 on weak Indonesian data.  

At the press time, USD/IDR trades at 14,215, down 0.04% on a daily basis, as the rupiah pares back gains.

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