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5 Feb 2020

Indonesia’s Q4 GDP growth: Weakest in three years – ANZ

In the view of the analysts at Australia and New Zealand Banking Group (ANZ), weakening domestic consumption knocked off the Indonesian GDP growth to its slowest in three years.

Key Quotes:

“Indonesia’s economy ended 2019 on a weak note, with GDP growth moderating further to 4.97% in Q4 from 5.02% y/y in Q3, the softest reading in three years.

Domestic demand continued to soften, while a sharper contraction in imports relative to exports resulted in a boost to net export growth.

Unless commodity prices stage a strong rebound or global growth picks up materially, Indonesia’s growth is likely to remain stuck around the current pace in the coming quarters, in our view.”

USD/IDR: Rupiah remains pressured as Indonesia’s Q4 GDP disappoints with 4.97%

Feb 5, 2020

Forex Today: Coronavirus dampens mood, top US Non-Farm Payrolls hints eyed, Ripple roars

Here is what you need to know on Wednesday, February 5: Coronavirus: Markets returned to paying attention to the respiratory disease which has already

EUR/USD faces substantial resistance and may extend losses – Confluence Detector

EUR/USD has been looking for a new direction as the coronavirus outbreak continues making headlines. How is the world's most popular currency pair pos