USD/IDR Price News: Rupiah retreats from 11-month high to 14,700 amid mixed Indonesia Inflation – by anilpanchal7 USDIDR Inflation RiskAppetite Asia Currencies
Indonesia Rupiah pair fails to cheer a retreat in the US Dollar prices amid a sluggish session due to the mixed sentiment and anxiety ahead of the key data/events.
Reuters released Statistics Indonesia chief Margo Yuwono’s comments after the Inflation data as saying, “Higher transportation fares and prices of fuel and some food commodities around the Islamic holy month of Ramadan contributed to April's inflation,” the policymaker also added, “although the increase was more benign than the Ramadan month in previous years.”
Elsewhere, markets in the Asia-Pacific region remain cautiously optimistic after the International Monetary Fund anticipated them to be the most dynamic of the world's major regions in 2023, per the latest reports.
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