# Need to monitor, manage FX volatility 'carefully' - Indonesia FinMin

> Indonesian Finance Minister Sri Mulyani said FX volatility seen in April, driven by higher-for-longer US interest rates pulling capital from emerging markets, needed careful monitoring. The rupiah had hit its weakest level since the 2020 COVID selloff and the central bank made a surprise rate hike in April.

- Date: 2024-05-07 · published 2024-05-07T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30586-need-to-monitor-manage-fx-volatility-carefully-indonesia-finmin
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Sustained emerging-market currency stress raises import costs for Indonesian feed buyers and reflects the rate environment that is keeping the dollar firm.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/monitor-manage-fx-volatility-carefully-090759177.html

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