USD/IDR Price News: Rupiah slips from two-month high to 15,000 on downbeat Indonesia inflation – by anilpanchal7 USDIDR Inflation RiskAversion NFP Fed
day. Adding strength to the Indonesia Rupiah pair is the broad risk-off mood amid inflation woes, as well as anxiety ahead of Friday’s US employment report for May.
It’s worth noting that the fresh fears of higher inflation, mainly emanating from a surprise Oil output cut from the Organization of the Petroleum Exporting Countries and its allies led by Russia, known as OPEC+, weigh onand propel the USD/IDR pair. The OPEC+ group announced nearly 1.16 million barrels per day output cut in a surprise move during the week. In doing so, the Oil cartel propels fears of more price pressure and hawkish central bank moves.
On the contrary, mixed US data and the Federal Reserve policymakers’ inability to convince markets of their hawkish capacity join the easing fears of banking fallouts to exert downside pressure on the USD/IDR pair.
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