USD/IDR advances to 18,180 as the Indonesian Rupiah struggles to find momentum following the release of mixed domestic economic data, snapping a two-day losing streak.
The USD/IDR pair has resumed an upward trajectory, trading at 18,180, following a two-day period of decline. This appreciation is primarily driven by the weakening of the Indonesian Rupiah, which has failed to gain momentum due to a series of mixed domestic economic reports released recently.
The pair is trading around 18,180 during Asian hours on Monday.
The currency is under pressure following the release of mixed domestic economic data.
The US Dollar climbed against the Indonesian Rupiah on Monday, reaching 18,180 during Asian trading hours. The pair's gains follow two days of losses, driven by a subdued performance in the IDR after the release of mixed domestic economic indicators.
The pair is rising due to a weakening Indonesian Rupiah, which has been impacted by mixed domestic economic data.