Indonesia’s Retail Sales dropped by 0.3% on the year in January vs. a 0.5% drop seen in December, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday. The Bank Indonesia survey predicted sales in February to have remained weak, estimating a year-on-year drop of 1.9%, Reuters reports. The total sales fell due to falling sales of clothes, auto parts and accessories. FX Implications The Indonesian Rupiah (IDR) reverses from a six-day low reached vs. the US dollar at 14,420 in the last hour, despite downbeat Indonesia’s Retail Sales data. At the press time, the USD/IDR cross trades at 14,352, down 0.24% so far, flirting with daily lows of 14,349.50. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD stays heavy below 0.6600, takes clues from China PPI, Asian stocks FX Street 2 years Indonesia's Retail Sales dropped by 0.3% on the year in January vs. a 0.5% drop seen in December, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday. The Bank Indonesia survey predicted sales in February to have remained weak, estimating a year-on-year drop of 1.9%, Reuters reports. The total sales fell due to falling sales of clothes, auto parts and accessories. FX Implications The Indonesian Rupiah (IDR) reverses from a six-day low reached vs. the US dollar at 14,420 in the last hour, despite downbeat Indonesia’s Retail Sales data. At the press time, the USD/IDR… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
