USD/IDR holds the higher ground after Indonesia’s Q4 GDP misses estimates. Bank Indonesia’s (BI) intervention fails to support the rupiah. China’s coronavirus outbreak impact weighs on the economy. According to the latest release from Statistics Indonesia, the Indonesian economy contracted 1.74% in Q4 2019 versus -1.67% forecast and 3.06% prior to QoQ. On an annualized basis, Indonesia’s GDP rate arrived at 4.97% compared to 5.04% expected and 5.02% earlier for the fourth quarter (Q4) 2019. About Indonesia’s GDP The Gross Domestic Product released by the Statistics Indonesia is a measure of the total value of all goods and services produced by Indonesia. The GDP is considered as a broad measure of economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the Rupiah, while a negative trend is seen as negative (or bearish). FX Implications USD/IDR trades near daily highs of 13,730 on below-forecasts Indonesian GDP data, as the rupiah continues to bear the brunt of the rising coronavirus risks on economic growth. Official: Bank Indonesia will remain in the market to stabilize market amid China’s coronavirus scare 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 Bitcoin Cash Price Analysis: BCH/USD trends horizontally, looks to bounce up from upward trending line FX Street 2 years USD/IDR holds the higher ground after Indonesia’s Q4 GDP misses estimates. Bank Indonesia’s (BI) intervention fails to support the rupiah. China’s coronavirus outbreak impact weighs on the economy. According to the latest release from Statistics Indonesia, the Indonesian economy contracted 1.74% in Q4 2019 versus -1.67% forecast and 3.06% prior to QoQ. On an annualized basis, Indonesia’s GDP rate arrived at 4.97% compared to 5.04% expected and 5.02% earlier for the fourth quarter (Q4) 2019. About Indonesia’s GDP The Gross Domestic Product released by the Statistics Indonesia is a measure of the total value of all goods and services produced by Indonesia. The… 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.
