Indonesia's Retail Sales fell by 2.9% on the year in July vs. a 2.5% increase seen in June, the latest survey conducted by Bank Indonesia (BI), the Indonesian central bank, released on Thursday.
The retail volume was reported when Indonesia was at peak of another coronavirus wave.
FX implications
The Indonesian rupiah (IDR) trims losses against the US dollar despite a decline in the country’s Retail Sales.
At the press time, USD/IDR trades at 14,267, up 0.12% on a daily basis, having retraced from five-day highs of 14,280.
