Indonesian Rupiah holds losses following Consumer Confidence data

The post Indonesian Rupiah weakens ahead of Retail Sales data appeared on BitcoinEthereumNews.com. USD/IDR extends its gains for the second successive day, trading around 18,140 during the Asian hours on Thursday. The Indonesian Rupiah (IDR) holds losses ahead of May’s Retail Sales data due later in the day. US weekly Initial Jobless Claims will be eyed later in the North American session. The upside of the USD/IDR pair could be restrained as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes. The committee remains deeply divided over the trajectory of inflation, specifically whether it will remain sticky or begin to cool as geopolitical conflict in the Middle East eases. During Kevin Warsh’s debut meeting as FOMC Chairman on June 16-17, policymakers were split: while many participants noted the benchmark rate would likely finish the year unchanged or slightly below its current 3.6% level, an equally vocal contingent argued that rat

Indonesia's aggressive rate hikes may stabilize the rupiah, but they also risk accelerating crypto adoption and reshaping investment dynamics. The post Bank Indonesia hikes key interest rate for third time in a month as rupiah crisis deepens appeared first on Crypto Briefing.

Bank Indonesia's off-cycle rate hike highlights emerging market vulnerabilities, potentially impacting economic growth and global capital flows. The post Bank Indonesia raises rates by 25 basis points in rare off-cycle move to stabilize rupiah appeared first on Crypto Briefing.