Indonesian Rupiah Holds Firm as BI Keeps Rate at 5.75%
USD/IDR slipped to about 17,870 in European trading after Bank Indonesia left its policy rate unchanged at 5.75%, supporting the rupiah.
USDIDR
The rupiah stayed firm versus the dollar on Wednesday after Bank Indonesia left its interest rate at 5.75%. USD/IDR traded around 17,870 during European hours, holding losses following the central bank decision.
The pair had posted modest gains the previous day but turned lower as the Indonesian rupiah strengthened. The steady rate decision was the key catalyst cited for the move.
Traders will likely watch for further policy guidance and broader dollar moves for the next direction in USD/IDR.
Source: FXStreet Forex News