On Tuesday (01/04/2014) Indonesian rupiah have shown a positive performance after data that's forecast to show the trade balance returned to surplus and inflation slowed. Based on Bloomberg Dollar Index, the rupiah appreciated 0.64 percent to IDR 11,288 per US dollar.
Indonesian Statistic Bureau (BPS) announcement supported the rise of Indonesia's rupiah. The announcement showed that inflation had eased further in March 2014. On a year-on- year basis, inflation now stands at 7.32 percent, down from 7.75 percent in February 2014. Moreover, BPS posted an unexpectedly large trade surplus in February 2014, thereby reducing concerns about the country's current account deficit.The trade surplus was recorded at USD $785 million in February.
Indonesian Statistic Bureau (BPS) announcement supported the rise of Indonesia's rupiah. The announcement showed that inflation had eased further in March 2014. On a year-on- year basis, inflation now stands at 7.32 percent, down from 7.75 percent in February 2014. Moreover, BPS posted an unexpectedly large trade surplus in February 2014, thereby reducing concerns about the country's current account deficit.The trade surplus was recorded at USD $785 million in February.
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