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USD/IDR Price News: Rupiah seesaws around $14,400 on upbeat Indonesia trade data, budget proposal

; 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.

EUR/USD Forecast: Sentiment stabilizes, bulls back in control

5/20/2021 12:48:58 PM GMT EUR/USD Current Price: 1.2203 A better market sentiment quickly affected the dollar’s demand. US Initial Jobless Claims contracted to 444K in the week ended May 14. EUR/USD is struggling to extend gains, but bears have no chances. The EUR/USD pair recovered some ground so far this Thursday, battling to extend gains beyond the 1.2200 threshold. The pair bottomed at 1.2159 on Wednesday, following the release of the latest FOMC Meeting’s Minutes, which put chances of a tighter monetary policy back on the table, spurring risk-aversion across financial markets. The mood, however, improved within Asian trading hours to stabilize during the European session.

Forex Today: Risk appetite maintains the pressure on the dollar

Apr 15, 2021 22:11 GMTFXStreet News What you need to know on Friday, April 16: The greenback remained under selling pressure, with most major rivals extending modestly their weekly advances against the American dollar. However, neither EUR/USD surpassed 1.2000, nor GBP/USD was able to regain the 1.3800 threshold. The Australian dollar was the best performer, while the Canadian dollar was the worst, the latter closing the day in the red against the US dollar. Upbeat US data sent Wall Street further into its records’ run, but more important, US Treasury yields were sharply down. The yield on the 10-year note Treasury fell to 1.52%, its lowest in almost two months, to later settle at 1.55%.

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