Indonesian Rupiah Under Pressure as USD/IDR Snaps Losing Streak
The Indonesian Rupiah weakened on Tuesday, with USD/IDR reversing a four-day decline to trade near 18,090 amid geopolitical tensions and concerns over the country’s twin deficits.
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The Indonesian Rupiah faced renewed selling pressure, halting a four-day recovery. USD/IDR advanced to around 18,090 during Asian trading, as a firmer US Dollar and risk-averse sentiment weighed on emerging-market currencies.
Market participants cited escalating geopolitical volatility and Indonesia’s persistent twin-deficit risks as key headwinds for the Rupiah. The pair’s upward momentum suggests near-term support for the greenback against the local unit.
Source: FXStreet Forex News