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USD/IDR rose to a fresh all-time high of 17,324 on April 23, marking a third straight day of gains. The move was driven by safe-haven demand, less dovish Fed expectations, and elevated crude oil prices linked to the US-Iran standoff over the Strait of Hormuz.
Bank Indonesia said it would increase its intervention intensity.
Rising oil and a weaker currency together squeeze Indonesia's trade balance and raise import costs for feed ingredients. Sustained pressure could prompt further intervention and tighter policy.
fxstreet.comHaresh MenghaniApr 23, 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.
