# Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken

> The rupiah was expected to weaken on July 31 after closing at 16,300 per dollar on July 30. Markets were focused on the upcoming Fed decision and the timing of possible rate cuts, following weak Chinese economic data.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dollar strength against the rupiah raises Indonesian feed import costs, though the impact on global commodity prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-10-28 | [Yen falls on dovish BOJ as market awaits Fed decision](https://feedsoft.ai/events/39369-yen-falls-on-dovish-boj-as-market-awaits-fed-decision.md) | +1.2% | -2.4% |
| DXY | 2019-04-30 | [Market alert: Will the Fed cut interest rates? \| XTB](https://feedsoft.ai/events/59760-market-alert-will-the-fed-cut-interest-rates-xtb.md) | -0.1% | +0.7% |
| DXY | 2021-07-28 | [United States Fed Interest Rate Decision meets forecasts (0.25%) — Octa](https://feedsoft.ai/events/46250-united-states-fed-interest-rate-decision-meets-forecasts-0-25-octa.md) | -0.4% | +0.4% |
| DXY | 2022-01-26 | [Bank of Canada interest rate decision: what you need to know](https://feedsoft.ai/events/43395-bank-of-canada-interest-rate-decision-what-you-need-to-know.md) | +0.2% | -0.4% |
| DXY | 2025-03-20 | [EUR/USD weakens as Fed sees no rush for interest rate cuts](https://feedsoft.ai/events/25794-eur-usd-weakens-as-fed-sees-no-rush-for-interest-rate-cuts.md) | +0.3% | -2.0% |

## Sources

- voi.id: https://voi.id/en/economy/403411

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