# USD/IDR Price News: Indonesian rupiah off three-week lows despite poor Retail Sales - Forex Crunch

> Indonesia's retail sales fell 16.3% year on year in November, according to a Bank Indonesia survey, and a deeper 20.7% contraction was forecast for December. The rupiah trimmed losses against the dollar despite the weak data, trading near 14,172.

- Date: 2021-01-12 · published 2021-01-12T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/49448-usd-idr-price-news-indonesian-rupiah-off-three-week-lows-despite-poor-retail
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weak domestic demand reduces the pressure on Indonesian feed and food demand, though the effect on global grain and oilseed prices is minor.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2021/01/12/usd-idr-price-news-indonesian-rupiah-off-three-week-lows-despite-poor-retail-sales/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.