UOB economist Enrico Tanuwidjaja and Haris Handy reviewed inflation figures in Indonesia.
“Inflation impressions for July 2020 fell to 1.54% year-on-year from 1.96% in June, as intake remained slow amid the COVID-19 pandemic. This also marked the first deflation per month (at -0.1% m/m) observed in 2020. Underlying inflation slowed to 2.07% a/y in July from 2.26% in June, while volatile inflation fell to 0.35% a/y in July as opposed to the parent company 2.32% a month earlier. »
“Although large-scale social restrictions (“Pembatasan Sosial Berskala Besar”- PSBB) decreased in July, customer spending remains low. Of 90 cities, 61 cities experienced deflation per month, which basically occurred in Java and the Sumatera region.”
“In the future, we expect general inflation to remain under control. Basic desires remain the most sensible priority, as consumers are still reluctant to buy non-essential products. Central and regional governments have worthwhile stability. Overall, inflation is expected to rise around the final decline in the government’s inflation target from 2.0 to 4.0%. »
The EUR/USD is quoted around 1.18, maintaining its recovery. Uncertainty about the upcoming U.S. fiscal relief plan, Coronaviruses and the economy are weighing the dollar again.
The GBP/USD pair is quoted closer to 1.31, as investors expect Brexit negotiations to move forward and worry less about a blockade in London. America is wasting ground.
XAU / USD marginalized before the European session. Cons limited through the weak dollar and considerations on coronavirus. What’s left of the USD dynamics and updates between the United States and China.
The US dollar fell again once U.S. lawmakers failed to reach an agreement, tensions between China and the US remain high, and knowledge is unclear. Developments similar to coronaviruses deserve to be registered for mixing.
WTI is suffering to make larger recovery moves through $40.74 above $41.00. Virus problems are recorded to increase OPEC production to combat the decline in Russian oil production. U.S. factory orders, API inventories will be key.
Note: All the data on this page is the topic to change. Use of this is an acceptance of our user agreement. Read our privacy policy and our legal warning.
Margin forex trading carries a maximum threat point and may not be suitable for all investors. The highest degree of leverage can play for both you and you. Before making a decision on industry currencies, you deserve to take your investment goals, your point of delight and your appetite for threats into account. You may lose some or all of your initial investment, so you deserve not to invest cash you can’t lose. You deserve to be aware of all threats related to currency transactions and seek the recommendation of an independent monetary advisor in case of doubt.
The revisions expressed in FXStreet are those of individual authors and do not necessarily constitute the prospects of FXStreet or its administration. FXStreet has not verified the accuracy or factual basis of any claim or made through an independent author: errors and omissions may occur. All reviews, news, research, analysis, value or other data contained on this site, through FXStreet, its employees, partners or contributors, are provided as a general market observation and do not constitute investment advice. FXStreet shall not be liable for any loss or damage, including but not limited to any loss of profits, that may result directly or indirectly from the use or liquidation as true in this data.