The latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, showed that the country’s Consumer Confidence Index improved to 101.50 in April when compared to 93.4 booked in March.
The survey showed that the optimism returned for the first time in a year as covid pandemic fears ebb.
FX Implications
The USD/IDR pair rebounds from three-month lows of 14,145, as the Indonesian rupiah shrugs off strong local data. The bounce could be attributed to a recovery in the US dollar across its main competitors in the NFP aftermath.
The spot was last seen trading at 14,200, still down 0.56% on the day.
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