Economic data

Indonesian Rupiah faces challenges amid higher oil prices, inflationary risks

FXStreet22 October 2026, 05:39 UTCIndonesia

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 nation.

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