# Indonesia's plunging rupiah twists the policy plot

> The rupiah sank to a four-year low against the dollar as Indonesian markets reopened after Eid al-Fitr holidays. Expectations that a strong US economy will keep the Fed on hold for longer drove the move.

- Date: 2024-04-17 · published 2024-04-17T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31050-indonesia-s-plunging-rupiah-twists-the-policy-plot
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness raises the local-currency cost of imported feed ingredients and can shift Indonesian palm oil and soymeal demand, though the effect on global prices is modest.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesias-plunging-rupiah-twists-policy-plot-2024-04-17/

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