# Rupiah Potentially Weakens Driven by US Economic Data

> The rupiah closed down 0.49% at 15,724 per dollar on October 28 as traders moved into dollars ahead of the US presidential election. Japan's ruling coalition lost its parliamentary majority, adding to safe-haven dollar demand, while Israel refrained from striking Iran's oil and nuclear sites.

- Date: 2024-10-29 · published 2024-10-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/28177-rupiah-potentially-weakens-driven-by-us-economic-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Election-driven dollar demand and political uncertainty keep the rupiah under pressure, raising the local cost of imported feed ingredients.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-11 | [Oil falls 2% on weak US and Chinese economic data \| Reuters](https://feedsoft.ai/events/36104-oil-falls-2-on-weak-us-and-chinese-economic-data-reuters.md) | +0.9% | +0.8% |
| DXY | 2024-07-31 | [Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken](https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken.md) | -0.5% | -1.9% |
| DXY | 2020-09-02 | [Dollar buoyed by upbeat U.S. economic data; Aussie falls](https://feedsoft.ai/events/51362-dollar-buoyed-by-upbeat-u-s-economic-data-aussie-falls.md) | +0.5% | +1.2% |
| DXY | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -0.5% | -1.7% |
| DXY | 2024-10-30 | [Mexican Peso weakens despite reporting solid economic growth](https://feedsoft.ai/events/28087-mexican-peso-weakens-despite-reporting-solid-economic-growth.md) | -0.2% | +1.6% |

## Sources

- voi.id: https://voi.id/en/economy/429084

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