The Indonesian Rupiah extends losses for a second day ahead of key May retail sales figures and US jobless claims data.
The USD/IDR pair climbed to 18,140 during Asian trading on Thursday, marking a second consecutive day of gains for the US dollar against the Indonesian Rupiah. The Rupiah’s weakness comes as investors await May’s Retail Sales data, a key indicator of domestic consumption trends.
Prior to the release, the Rupiah has faced pressure amid broader market caution. Later in the day, US weekly Initial Jobless Claims will also draw attention, potentially influencing USD strength and emerging market currencies.
No immediate market reaction was reported, with focus shifting to the upcoming data releases.