CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

USD/IDR: Rupiah shrugs-off upbeat Indonesian trade data

2019-06-24 12:30

According to the latest trade data published by the Indonesian Statistics Bureau, the country unexpectedly posted a trade surplus in May after two straight months of trade deficit.



Indonesia reported a trade surplus of $ -2.50 billion vs. $-1.38 billion expected and $-2.50 billion previous. The imports and exports came in at -17.71% and -8.99% respectively vs. -13.90% and -14.70% expectations and -6.80% and -12.90% respective priors.



The median forecast from 11 economists in the poll was for a $1.38 billion trade shortfall last month, compared with a revised $2.44 billion deficit in April which was the widest gap Indonesia has ever seen, the Reuters poll showed last week.



Upbeat trade report had little impact on the Indonesian Rupiah versus the US dollar, keeping the USD/IDR cross mostly unchanged near 14,155 levels. The recovery in the cross from two-month lows stalled at 14,170 before the data release.



USD/IDR: Levels to Watch





 


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD -0.24% 1.30436
    EURUSD +0.35% 1.1859
    XAUUSD -0.19% 1901.34
    XTIUSD -2.40% 39.724
    NAS100 +0.02% 11681.7
    US30 -0.37% 28303.9