# USD/IDR: Indonesian Rupiah Set for Longest Rally in Eight Years - Bloomberg

> The rupiah rose as much as 0.4% to 16,135 per dollar on Friday, heading for an eighth straight day of gains and its longest rally since 2016. The move followed Indonesian steps to ease fiscal concerns and growing bets on Federal Reserve rate cuts.

- Date: 2024-07-12 · published 2024-07-12T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29609-usd-idr-indonesian-rupiah-set-for-longest-rally-in-eight-years-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stronger rupiah lowers Indonesia's cost of imported feed ingredients, though the effect on global grain and meal prices is limited.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-07-12/usd-idr-indonesian-rupiah-set-for-longest-rally-in-eight-years

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