USD/IDR Price News: Indonesian rupiah sits at five-month tops of 14,057 post-Consumer Confidence

The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index worsened to 79.0 in October when compared to 83.4 booked in September.

FX Implications

The USD/IDR pair trades close to five-month highs of 14,057 despite the deterioration in Indonesian consumer confidence. The spot is down 0.83% on the day.