Bank Indonesia Intensifies Market Stabilization as USD/IDR Trades Around 18,110
USD/IDR inched higher after a bearish opening gap, remaining in negative territory near 18,110 during Asian hours, while Bank Indonesia ramped up efforts to calm markets.
USDIDR
Bank Indonesia has stepped up its intervention to stabilize the foreign exchange market, providing support for the Indonesian rupiah.
USD/IDR opened with a bearish gap but subsequently edged higher, trading around the 18,110 level during Asian trading hours. Despite the slight recovery, the pair stayed in negative territory for the session.
Source: FXStreet Forex News