USD/IDR Price News: Rupiah slides to 14,850 despite softer Indonesia Retail Sales, US inflation eyed – by anilpanchal7 USDIDR Inflation RetailSales RiskAversion CentralBanks
t Indonesia Retail Sales. It’s worth noting, however, that the Indonesia Rupiah struggles to extend the two-day downtrend amid cautious markets ahead of the USThat said, Indonesia Retail Sales for April report a softer growth of 1.5% versus 4.9% previous readings. snaps a two-day uptrend with a 0.30% intraday loss to near 103.32 by the press time.
Softer US data and unimpressive Fed talks allow traders to remain dovish on the US central bank. While portraying the same, the CME’s FedWatch Tool suggests more than a 70% chance of the Fed’s inaction on Wednesday while suggesting nearly 80% odds favoring the 0.25% rate increase in July. It should be noted that the upbeat sentiment in the Asia-Pacific zone, mainly due to the People’s Bank of China’s rate cut, exert downside pressure on the USD/IDR price.
Against this backdrop, the S&P500 Futures print mild gains at the highest level since April 2022, marked the previous day, whereas the US 10-year and two-year Treasury bond yields register minor downside during the second consecutive day to around 3.72% and 4.56% in that order.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/IDR risks further downside near term – UOBAccording to Markets Strategist Quek Ser Leang at UOB Group, USD/IDR could face some selling pressure in the short-term horizon. Key Quotes USD/IDR cl
Read more »
AUD/USD Price Analysis: Bears in control and price is on the backside of bullish trendAUD/USD was pressured on Monday from bullish cycle highs near 0.6773 and the pair now consolidates ahead of key events on the US calendar this week, s
Read more »
USD/INR Price News: Rupee retreats from 82.50 as India/US inflation, Fed decision loomUSD/INR Price News: Rupee retreats from 82.50 as India/US inflation, Fed decision loom – by anilpanchal7 USDINR CentralBanks Fed Inflation RiskAversion
Read more »
US Citizen Travis Leake Detained in Moscow on Drug ChargesA U.S. citizen, Travis Leake, who is an Iraq war veteran and lead singer of Moscow rock band Lovi Noch, was detained by Russian authorities. See potential bias and similarities in coverage from nypost, Newsweek, and CNN:
Read more »
Ukraine Counteroffensive Yields ‘Mixed Results,’ Four Villages RecapturedA week into its long-awaited counteroffensive, Ukraine has reportedly made gains in some areas but struggled in others. See potential bias and similarities in coverage from BBCNews, TheEconomist and nypost: Ukraine UkraineWar
Read more »
JPMorgan Chase Reaches $290 Million Settlement with Epstein VictimsJPMorgan Chase settled a class-action lawsuit with victims of Jeffrey Epstein, agreeing to pay $290 million. See potential bias and similarities in coverage from BBCWorld, NPR, and DailyCaller:
Read more »