USD/IDR today tried to rise to a level approaching 15,600 in the Asian session. The figure did not get any strengthening amidst the release of Indonesia's current gloomy retail sales data. The annual economic data recorded 3.7% and this figure is lower than the previous data of 4.6%.

USD/IDR News Points Today

  • USD/IDR faces hurdles to the nearest level of 15,600 due to the impact of the country's falling retail sales
  • Indonesia's annual retail sales data declined by 3.7% compared to the previous data of 4.6%.
  • US factory price index will be very important

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The decline in retail sales indicates weak retail demand for household needs. Indonesia's inflation movement has been declining for the past three months until October. Until now, the continuation of retail sales will result in more fatigue in the country's inflationary pressures. Bank Indonesia (BI) is trying to contain the stubborn inflation rate until it gains momentum.

US Stock Index Developments

Meanwhile, the DXY is hovering around the day’s low of 104.50 as the risk-appetite theme gains significant momentum. The S&P 500 posted a marginal loss this morning and has resumed its recovery after three consecutive days of declines. The 10-year US Treasury yield felt pressure and fell to a low of 3.46% as the Fed is set to announce monetary policy next week.
 
On Friday, investors will be watching the US PPI index data. According to consensus data, the PPI in America is expected to fall by 7.4% from the previous release percentage of 8.0%. The decline in the factory price index will provide a new basis for further inflation declines. That is the information we provide regarding USD/IDR today. Continue to update other latest information through the GIC journal which will be announced every day.

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