# Bank Indonesia intervenes as Trump, Fed jitters weigh on rupiah - The Business Times

> Bank Indonesia intervened in spot and non-deliverable forward markets on October 22 to support the rupiah, which fell as much as 0.5% to 15,568 per dollar. The weakness reflected rising expectations of a Trump victory and a slower pace of Federal Reserve easing.

- Date: 2024-10-22 · published 2024-10-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/28172-bank-indonesia-intervenes-as-trump-fed-jitters-weigh-on-rupiah-the-business
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness and the stronger dollar raise import costs for Indonesian feed buyers, while a firmer dollar generally pressures dollar-priced grain and meal futures.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-02-27 | [Indonesia's rupiah charges to the top of Asia's best-performing currencies - The Business Times](https://feedsoft.ai/events/37656-indonesia-s-rupiah-charges-to-the-top-of-asia-s-best-performing-currencies-the.md) | -0.7% | -0.9% |
| DXY | 2021-03-05 | [Indonesia central bank says ready for market intervention to stabilise rupiah - Markets - Business Recorder](https://feedsoft.ai/events/48411-indonesia-central-bank-says-ready-for-market-intervention-to-stabilise-rupiah.md) | +0.2% | +0.9% |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |
| DXY | 2019-08-02 | [Trump and Fed Sentiment Weighs on Rupiah, Falling to Rp 14,180/US$](https://feedsoft.ai/events/57901-trump-and-fed-sentiment-weighs-on-rupiah-falling-to-rp-14-180-us.md) | +0.4% | +1.7% |
| DXY | 2026-08-31 | [Thai Baht, Indonesian Rupiah Under Pressure as Fed Hike Odds Climb](https://feedsoft.ai/events/18172-thai-baht-indonesian-rupiah-under-pressure-as-fed-hike-odds-climb.md) | -0.6% | +1.6% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/bank-indonesia-intervenes-trump-fed-jitters-weigh-rupiah

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.