New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1% decline recorded in August and came in better than the market expectation for an increase of 0.6%.
USD/IDR halts its four-day winning streak, trading around 18,170 during Asian hours on Tuesday. The pair pulled back after reaching a nearly five-month high of 18,216 on Monday. However, the Indonesian Rupiah (IDR) continues to face downside risks due to growing fiscal concerns.
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $100.10 per barrel during Asian hours on Tuesday. Crude oil prices fell as renewed diplomatic efforts in the Middle East raised hopes of preventing a wider escalation of the US-Iran conflict.