Indonesia’s Retail Sales plummeted by 20.6% on the year in May vs. a 16.9% slump seen in April, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Wednesday. This was the biggest slump since October 2008. The Bank Indonesia survey predicted sales in June to fall further by 14.4% YoY, Reuters reports. FX Implications The Indonesian rupiah (IDR) came under fresh selling pressure against the US dollar following a deeper fall in Indonesia’s Retail Sales. USD/IDR adds 0.25% to trade at 14,440, at the time of writing. The cross hit a daily low of 14,380 in early trades. 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 Cardano Price Forecast: ADA/USD skyrocketing as $0.14 beckons FX Street 3 years Indonesia's Retail Sales plummeted by 20.6% on the year in May vs. a 16.9% slump seen in April, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Wednesday. This was the biggest slump since October 2008. The Bank Indonesia survey predicted sales in June to fall further by 14.4% YoY, Reuters reports. FX Implications The Indonesian rupiah (IDR) came under fresh selling pressure against the US dollar following a deeper fall in Indonesia’s Retail Sales. USD/IDR adds 0.25% to trade at 14,440, at the time of writing. The cross hit a daily low of 14,380 in early trades. 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.
