# Central bankers in Southeast Asia are closely watching the Fed as a strong dollar pummels their currencies | Fortune

> Bank Indonesia surprised analysts by raising its key rate 25 basis points to 6.25% to defend the rupiah. Southeast Asian central banks are weighing their own policy against a Fed that signals no rush to cut rates.

- Date: 2024-04-25 · published 2024-04-25T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/31053-central-bankers-in-southeast-asia-are-closely-watching-the-fed-as-a-strong
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Strong dollar conditions pressure emerging-market currencies and raise import costs for Southeast Asian feed buyers, while keeping dollar-priced commodities under broad macro pressure.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-28 | [Strong US Dollar Has Southeast Asia Central Banks Defending FX With New Tools - Bloomberg](https://feedsoft.ai/events/34423-strong-us-dollar-has-southeast-asia-central-banks-defending-fx-with-new-tools.md) | +0.5% | +0.8% |
| DXY | 2023-11-16 | [The Impact of the Strong U.S. Dollar on Asian Currencies](https://feedsoft.ai/events/12030-the-impact-of-the-strong-u-s-dollar-on-asian-currencies.md) | -0.3% | -1.2% |
| DXY | 2020-04-03 | [Is there a dollar funding squeeze in China? - Central Banking](https://feedsoft.ai/events/53879-is-there-a-dollar-funding-squeeze-in-china-central-banking.md) | -0.9% | -1.0% |
| DXY | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +0.8% | -0.3% |
| DXY | 2019-02-25 | [Dollar crown intact as central banks emulate Fed tightening pause](https://feedsoft.ai/events/60766-dollar-crown-intact-as-central-banks-emulate-fed-tightening-pause.md) | +0.2% | +0.4% |

## Sources

- fortune.com: https://fortune.com/asia/2024/04/25/fed-central-bankers-southeast-asia-time-rate-cuts-ensure-currencies-no-collapse/

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