
Markets React to US Economic Data as UK Debates Housing Benefit Reforms
The Indonesian rupiah weakened against the dollar as traders positioned themselves ahead of key US producer price index releases. Concurrently, UK political discourse centered on Conservative proposals to adjust housing benefits, with senior figures denying claims that the changes would force vulnerable citizens onto the streets.
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Badenoch denies housing benefit cuts plan would make people homeless
The Conservatives say £4bn could be cut from the housing benefit bill to help fund increased defence spending.
Read full article →Rupiah Weakens as Investors Await US PPI Data
The rupiah weakened by 36 points to Rp17,547 per US dollar from Rp17,511.
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