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Indonesian FinMin Indrawati sees Q4 2019 GDP growth at 5.06%

Speaking at a parliamentary hearing on Tuesday, Indonesian Finance Minister Sri Mulyani Indrawati said Indonesia's economic growth seems to have expanded slightly in the fourth quarter of 2019 to 5.06%.

Key Quotes:

Consumption is likely to have stagnated and public spending weakened.

Full-year 2019 growth was seen at 5.05%, below the government's target of 5.3%.

The government is scheduled to release the official GDP data next week.

  • USD/IDR Price Analysis: Indicators suggest downside momentum may be ebbing

USD/INR: Bulls and bears jostle around 71.40 with eyes on Coronavirus, Indian budget

USD/INR consolidates gains from the multi-day high, flashed yesterday, while declining to 71.40 ahead of the European session on Tuesday.
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GBP/USD awaits BOE, post-Brexit trade talks amid broad risk-off

GBP/USD remains modestly flat near 1.3060 while heading into the London open on Tuesday. In doing so, the pair snaps the previous three-day declines.
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