# Asian currencies: Indonesia rupiah hits weakest since early May

> The Indonesian rupiah fell as much as 0.5% to 16,165 per dollar, its weakest since May 2, as higher US Treasury yields lifted the dollar. Most Asian currencies were set for monthly losses after resilient US data pared Fed rate-cut bets.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30581-asian-currencies-indonesia-rupiah-hits-weakest-since-early-may
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rupiah and stronger dollar raise the local-currency cost of imported feed ingredients for Indonesia, while a firm dollar generally pressures dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-28 | [Asian currencies: Indonesian rupiah, ringgit fall - Business & Finance - Business Recorder](https://feedsoft.ai/events/28133-asian-currencies-indonesian-rupiah-ringgit-fall-business-and-finance-business.md) | +0.2% | +1.9% |
| 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 | 2021-07-25 | [Weak Asian currencies \| Philstar.com](https://feedsoft.ai/events/46330-weak-asian-currencies-philstar-com.md) | -0.7% | +0.9% |
| DXY | 2021-07-02 | [Thai baht, Indonesian rupiah at multi-month lows as virus curbs weigh](https://feedsoft.ai/events/46336-thai-baht-indonesian-rupiah-at-multi-month-lows-as-virus-curbs-weigh.md) | +0.1% | -0.1% |
| DXY | 2018-08-30 | [Fresh Stress Grips Weakest Emerging-Market Currencies](https://feedsoft.ai/events/63696-fresh-stress-grips-weakest-emerging-market-currencies.md) | +0.9% | +0.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40305927/asian-currencies-indonesia-rupiah-hits-weakest-since-early-may

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