USD/IDR Price News: Rupiah ignores lowest Indonesia Retail Sales since September 2021 – by anilpanchal7 USDIDR RiskAppetite Indonesia RetailSales Fed
Indonesia Retail Sales growth plummets to multi-month low in January.USD/IDR remains sidelined near 15,440, recently making rounds to the intraday low, even as Indonesia Retail Sales flashed disappointing data early Thursday. In doing so, the Indonesia Rupiah pair retreats from a two-month high while snapping a three-day uptrend amid a broad US Dollar retreat.
Talking about the sentiment, the S&P 500 Futures struggles for clear directions after bouncing off a one-week low the previous day. On the same line, the US 10-year Treasury bond yields rise to 3.99%, up one basis point , whereas the two-year counterpart pares intraday losses near 5.05% at the latest. It’s worth noting that US yield curve inversion widened to the highest levels since 1981 and propelled the recession fears on Wednesday.
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