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fxJul 1, 2026, 4:40 AM

Indonesian Rupiah Edges Up as June Inflation Rises

USD/IDR trimmed gains and traded near 17,980 during Asian hours on Wednesday after Indonesia reported higher annual inflation for June, providing minor support to the Rupiah.

USDIDR

The Indonesian Rupiah ticked higher against the US dollar on Wednesday, with USD/IDR pulling back from earlier gains to trade around 17,980 during the Asian session. The pair remains in positive territory for a third consecutive day but pared its advance after annual inflation data for June came in above expectations.

The rise in consumer prices offered modest support to the Rupiah, though the dollar held firm on broader market themes. Traders are now watching for further policy signals from Bank Indonesia and global risk sentiment to gauge the next move for the pair.

Source: FXStreet Forex News