The Indonesian Rupiah holds gains against the US Dollar as Q3 GDP data exceeds expectations, keeping the USD/IDR pair subdued around the 18,110 level for a second straight day.
Q3 GDP beat expectations, helping the Rupiah hold gains, with USD/IDR around 18,110 on Thursday and subdued for a second day. Stronger Indonesian growth supports IDR and weighs on the pair. The lack of GDP figures limits how far the move can be judged.
Q3 GDP came in above expectations, supporting IDR against USD.
Around 18,110 during Asian hours Thursday, subdued for a second day.
The Indonesian Rupiah maintains its upward momentum against the US Dollar, trading near 18,110 during Thursday's Asian session. The currency's strength follows a third-quarter GDP report that surpassed market expectations, marking the second consecutive day of subdued movement for the USD/IDR pair.
The Indonesian Rupiah gained strength after the release of third-quarter GDP data, which came in above market expectations.
The USD/IDR pair is trading around 18,110 during Asian hours on Thursday, remaining subdued for the second successive day.