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fxJun 11, 2026, 4:49 AM

Indonesian Rupiah Weakens as Retail Sales Slump in April

The Indonesian Rupiah declined against the US Dollar, with USD/IDR trading near 17,970, following weaker domestic retail sales data for April.

USDIDR

The Indonesian Rupiah (IDR) lost ground against the US Dollar on Thursday, with USD/IDR extending gains for a second straight session. The pair traded around 17,970 during Asian hours, supported by disappointing domestic retail sales figures for April.

Retail sales in Indonesia experienced a downturn in April, contributing to the Rupiah's weakness. The data suggests softening consumer demand, which may weigh on economic growth prospects.

Market participants are now monitoring for further cues from Bank Indonesia's policy stance and external factors such as US dollar strength.

Source: FXStreet Forex News