# Rupiah hits fresh low against dollar on Fed stance, RI budget concerns - Markets - The Jakarta Post

> The rupiah hit 16,419 per US dollar on June 17, its weakest level since April 2020. Analysts attribute the slide to a hawkish US Federal Reserve that is in no hurry to cut rates and to concerns over Indonesia's budget.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/30130-rupiah-hits-fresh-low-against-dollar-on-fed-stance-ri-budget-concerns-markets
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sharp currency fall raises imported inflation and the cost of dollar-denominated feed ingredients for Indonesian buyers. The move could also prompt Bank Indonesia to intervene or tighten, affecting import economics.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2024/06/19/rupiah-hits-fresh-low-against-dollar-on-fed-stance-ri-budget-concerns

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