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USD/IDR Price News: Rupiah seesaws around $14,400 on upbeat Indonesia trade data, budget proposalNEWS |
5/20/2021 4:43:30 AM GMT | By Anil Panchal
USD/IDR struggles for a clear direction around two-week top.
Indonesia April Trade Balance $+2.19 billion, Exports, Imports also came in stronger.
Indonesian Finance Minister proposes 2022 budget parliament.
Reuters poll suggesting investors are marginally bullish over IDR.
USD/IDR wobbles around 14,385, down 0.05% intraday, after multiple catalysts from Indonesia troubled the pair traders during early Thursday. Among them, April trade numbers and budget release gained major attention but risk-off mood tests the pair buyers.
Indonesia’s Trade Balance jumped from the $1.0 billion forecasts and $1.56 billion prior in April. On the same line, Exports and Imports also crossed 41% and 29.81% respective expected figures with 51.94% and 29.93% growth in that order.
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In addition, the Bureau of Labor Statistics released both the November Import-Export Price Index and the Regional and State Employment and Unemployment Summary for November, a report which breaks down the two employment surveys from the monthly national jobs report by state and region..while the text of that report provides a useful summary of this data, the serious statistical aggregation can be found in the tables linked at the end of the report, where one can find the civilian labor force data and the change in payrolls by industry for each of the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.