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via fxstreet.comMarkets

Indonesian rupiah under pressure from higher oil prices and inflation risks

FROM THE WIRE · FXSTREET.COM

USD/IDR extends its gains for the second successive day, trading around 18,070 during Asian hours on Thursday. The currency pair has seen upward momentum as the Indonesian Rupiah (IDR) faces pressure from rising global oil prices, which have heightened fiscal concerns for the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRupiah weakness reflects fiscal pressure from rising oil prices, relevant for emerging-market FX.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01USD/IDR extends gains for a second day, trading near 18,070 during Asian hours.
  2. 02The rupiah faces pressure from rising global oil prices.
  3. 03Higher oil prices have raised fiscal concerns for Indonesia.

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