Home » Indonesian Rupiah declines despite prevailing high interest rates, weaker US Dollar

Indonesian Rupiah declines despite prevailing high interest rates, weaker US Dollar

Indonesian Rupiah declines despite prevailing high interest rates, weaker US Dollar

This post was originally published on this site.

USD/IDR gains ground after three days of losses, trading around 17,740 during the Asian hours on Monday. However, the currency pair could face headwind pressure as the Indonesian Rupiah (IDR) may draw renewed support from lingering high interest rates.
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