USD/IDR Price News: Indonesian rupiah off three-week lows despite poor Retail Sales

Indonesia's Retail Sales slumped 16.3% on the year in November vs. 14.9% drop seen in October, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Tuesday.

FX implications

The Indonesian rupiah (IDR) holds gains against the US dollar despite a slump in Indonesia’s Retail Sales.

At the press time, USD/IDR trades at 14,172, up 0.66% on a daily basis, having retreated from three-week highs of 14,207.