None
EN
Indonesian Rupiah struggles due to weak fundamentals, increased risk aversion
[]
FXStreet Forex & Commodities News
USD/IDR extends its gains for the second successive day, trading around 17,920 during the European hours on Wednesday.
The pair is advancing as the Indonesian Rupiah (IDR) faces pressure from weak domestic economic fundamentals and subdued market sentiment.
Meanwhile, the US Dollar (USD) is drawing strength from heightened safe-haven demand sparked by geopolitical uncertainties in the Middle East.
Goolsbee flags inflation as top risk but keeps Fed tone broadly hawkishFed’s Goolsbee scores 7/10 on the FXS Speechtracker, a clear uptick relative to the historical average of 5.8/10 and consistent with a firmer policy tone.
The FXS Fed Sentiment Index slipped by 0.42 points to 136.59, signaling a modest pullback in perceived hawkishness despite the still-elevated reading.