Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/IDR holds the lower ground despite downbeat Indonesian Trade data

According to the latest trade data published by the Indonesian Statistics Bureau, the country posted a much bigger-than-expected trade deficit in January.

Indonesia reported a trade deficit of $0.87 billion vs. $0.27 billion expected and $0.03 billion previous. The imports and exports came in at -4.78% and -3.71% respectively vs. -5.66% and +1.19% expectations and -5.62% and +1.28% respective priors.

The median forecast from economists was for a $0.27 billion trade deficit last month, the Reuters poll showed last week. Indonesia's trade deficit to widen in January - Reuters poll

FX Implications

USD/IDR remains little changed on downbeat Indonesian Trade Balance data, keeping the rates near daily lows of 13,675. At the press time, the cross trades 0.15% higher at 13,685.

About Indonesia’s Trade Balance

The Trade Balance released by Statistics Indonesia is a balance between exports and imports of total goods and services. A positive value shows trade surplus, while a negative value shows trade deficit. If a steady demand in exchange for Indonesian exports is seen, the Rupiah will receive a positive (or bullish) effect, while a low reading is seen as negative (or bearish).

 

Indonesia Imports above forecasts (-5.66%) in January: Actual (-4.78%)

Indonesia Imports above forecasts (-5.66%) in January: Actual (-4.78%)
Read more Previous

USD/CAD Price Analysis: Slips below 100-bar SMA, monthly low becomes the key

USD/CAD declines to 1.3238, down 0.10%, by the press time of the pre-European session on Monday.
Read more Next