Indonesia’s Retail Sales plunged 14.9% on the year in October vs. an 8.7% drop seen in September, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Thursday. The drop in the sales of food, beverages, tobacco and communication equipments contributed to the slump in the Retail Sales. The Bank Indonesia survey predicted sales in November to plummet by 15.7% YoY, Reuters reports. FX implications The Indonesian rupiah (IDR) came under mild selling pressure against the US dollar following a sharp drop in Indonesia’s Retail Sales. At the press time, USD/IDR adds 0.25% to trade at 14,115, recovering from daily lows of 14,095. 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 Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ripple – Asian Wrap 10 Dec FX Street 2 years Indonesia's Retail Sales plunged 14.9% on the year in October vs. an 8.7% drop seen in September, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Thursday. The drop in the sales of food, beverages, tobacco and communication equipments contributed to the slump in the Retail Sales. The Bank Indonesia survey predicted sales in November to plummet by 15.7% YoY, Reuters reports. FX implications The Indonesian rupiah (IDR) came under mild selling pressure against the US dollar following a sharp drop in Indonesia’s Retail Sales. At the press time, USD/IDR adds 0.25% to trade at 14,115, recovering from daily lows of 14,095. 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.
