USD/IDR Price News: Rupiah off daily lows near 14,385 on strong Indonesian Retail Sales

Indonesia's Retail Sales rebounded 6.5% on the year in October vs. a 2.2% drop seen in September, the latest survey conducted by Bank Indonesia (BI) showed on Friday.

The central bank predicts a 10.1% annual growth in retail sales in November.

FX implications

USD/IDR is off the two-day highs of 14,385 on the upbeat Indonesian data.  

At the press time, USD/IDR is trading at 14,377.50, up 0.19% on a daily basis, extending its recovery momentum from weekly lows of 14,310.