{
  "id": 534206,
  "title": "Indonesian Rupiah stays under pressure as Retail Sales YoY decline in June",
  "url": "https://urgent.news/2026/08/11/indonesian-rupiah-stays-under-pressure-as-retail-sales-yoy-decline-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T04:50:16.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/indonesian-rupiah-stays-under-pressure-as-retail-sales-yoy-decline-in-june-202608110450"
  },
  "original_language": "en",
  "account": "The Indonesian Rupiah (IDR) experienced pressure as retail sales declined year-over-year (YoY) by 3.0% in June, a slight improvement from May's 3.9% decline and the smallest fall since April. Despite early government support aimed at bolstering household purchasing power, the currency pair remained under duress. Meanwhile, the US Dollar (USD) softened its losses, driven by geopolitical tensions and a surge in crude oil prices, which have subsequently increased Treasury yields. Speculation is mounting that the Federal Reserve (Fed) may opt to raise rates sooner rather than later, despite a cooling labor market. Investors are closely monitoring forthcoming inflation data to anticipate the Fed's next move, with the odds of a 25-basis-point rate hike in September exceeding 51%, according to the CME FedWatch Tool. However, TD Securities anticipates a sideways output growth trajectory this year due to the ongoing impact of the oil shock and potential risks from the Iran conflict, which could keep the Fed on hold throughout the year. Despite these challenges, the British Pound (GBP) managed to hold onto two-day gains against the US Dollar (USD), maintaining a marginally higher level of around 1.3500. The EUR/USD pair remained relatively stable, hovering around the 1.1545-1.1550 range. Gold prices surged above $4,400, reaching their highest level since June 5, as expectations of delayed Federal Reserve rate hikes and volatile oil prices bolstered demand for the non-yielding asset.",
  "summary": "USD/IDR gains ground after two days of losses, trading around 17,850 during the Asian hours on Tuesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}