According to the latest trade data published by the Indonesian Statistics Bureau, the country posted yet another trade surplus (unexpected) in June after recording one in May.
Indonesia reported a trade surplus of $+0.20 billion vs. $-1.38 billion expected and $+0.21 billion previous. The imports and exports came in at +2.80% and -8.98% respectively vs. -5.00% and -14.70% expectations and -17.71% and -8.99% respective priors.
The median forecast from 11 economists was for a $690 million trade surplus last month, compared with a $218.5 million revised surplus in May., the Reuters poll showed last week.
Upbeat trade report kept the buoyant tone intact around the Indonesian Rupiah versus the US dollar, keeping the USD/IDR cross deep in the red near 13,935. The pair hit five-month lows of 13,910 last hour.
Levels to watch
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