USD/IDR Rises Despite Improving Indonesian Trade Balance

The Indonesian rupiah fell against the US dollar today as the market sentiment was unfavorable to riskier currencies. Indonesia’s trade balance improved last month, but the indicator was not as good as it seems at first glance.
The Indonesian trade balance turned into a surplus of $0.09 billion from a deficit of $0.95 billion in the previous month. But the actual value trailed the consensus forecast of a $0.19 billion surplus. Furthermore, the report showed that both imports and exports fell, it just that imports fell more than exports.
USD/IDR rallied 0.41% to $14,100 as of 9:56 GMT today.

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