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The rupiah closed down 83 points, or 0.48%, at 17,326 per dollar on April 29, after 17,243 the previous session. Analysts attributed the decline to safe-haven demand amid Middle East geopolitical tension, a firm dollar index near 98.6, and expectations of prolonged high US rates.
Uncertainty over a successor to Fed Chair Jerome Powell was also cited.
Safe-haven flows and expectations of high US rates keep emerging-market currencies under pressure, which raises the cost of dollar-denominated feed imports for Indonesian buyers. The effect on global grain or oilseed prices is limited.
antaranews.comM Baqir Idrus AlatasApr 29, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
