Indonesian Rupiah holds losses following Consumer Confidence data
The post Indonesian Rupiah holds losses following Consumer Confidence data appeared on BitcoinEthereumNews.com. USD/IDR gains ground after registering modest losses in the previous day, trading around 18,050 during the Asian hours on Wednesday. The pair holds ground as the Indonesian Rupiah (IDR) remains subdued following the release of the latest Consumer Survey conducted by Bank Indonesia (BI), indicating an optimistic (index >100) Consumer Confidence Index (CCI) of 117.8 in June, against the 120.9 in May. Traders’ attention is focused on Wednesday’s release of the US Federal Reserve (Fed) Meeting Minutes, the first under newly appointed Chairman Kevin Warsh, for crucial clues regarding the future path of US interest rates. The US Dollar (USD) receives support from safe-haven demand amid renewing geopolitical tensions. US airstrikes against Iran came in response to Iranian attacks on commercial vessels in the crucial Strait of Hormuz, including a Qatari LNG carrier and a Saudi oil ta