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FX Desk

Indonesian Rupiah gains on robust Chinese PMI data, budget assurance

By FXStreet

Indonesian Rupiah gains on robust Chinese PMI data, budget assurance

USD/IDR extends its losses for the second consecutive day, trading around 17,860 during Asian hours on Wednesday. The pair depreciates as the Indonesian Rupiah (IDR) gains strength, driven by improving market sentiment following stronger economic activity in China, Indonesia’s top trading partner.

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Source: FXStreet