USD/IDR Continues Uptrend Approaching 1998 Highs
The USD/IDR pair maintains its upward trajectory for the third consecutive session, trading above 16,600 during the European session on Tuesday. The exchange rate is approaching the significant high of 16,800, last seen during the Asian Financial Crisis in June 1998, per LSEG data. Market analysts are closely watching for potential interventions and shifts by the central bank. Current movements in USD/IDR reflect investor anticipation of ongoing economic developments that could impact the Indonesian Rupiah significantly.