According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a bigger-than-expected trade surplus in July amid a slump in imports. Indonesia reported a trade surplus of $3.26 billion vs. $0.68 billion expected and $1.27 billion previous. The imports and exports came in at -32.55% and -9.9% respectively vs. -22.48% and -16.65% expectations and -6.36% and +2.28% respective priors. FX implications USD/IDR eased from three-month highs of 14,877.50 on the Trade Balance data release. The cross still gains 0.88% on a daily basis. About Indonesia’s Trade Balance The Trade Balance released by Statistics Indonesia is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for Indonesian exports is seen, the Rupiah will receive a positive (or bullish) effect, while a low reading is seen as negative (or bearish). 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 EUR/GBP Price Analysis: Bulls catch a breather around 0.9050 FX Street 2 years According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a bigger-than-expected trade surplus in July amid a slump in imports. Indonesia reported a trade surplus of $3.26 billion vs. $0.68 billion expected and $1.27 billion previous. The imports and exports came in at -32.55% and -9.9% respectively vs. -22.48% and -16.65% expectations and -6.36% and +2.28% respective priors. FX implications USD/IDR eased from three-month highs of 14,877.50 on the Trade Balance data release. The cross still gains 0.88% on a daily basis. About Indonesia’s Trade Balance The Trade Balance released by Statistics Indonesia is a balance between exports… 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.
