# Indonesian markets rattled by election uncertainty, finmin's future | Reuters

> Reports that Finance Minister Sri Mulyani may exit prompted a sharp rupiah drop last week, and the central bank intervened in the currency market. The rupiah is down 2% so far in 2024, and the stock index is down 1% year to date.

- Date: 2024-02-01 · published 2024-02-01T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31982-indonesian-markets-rattled-by-election-uncertainty-finmin-s-future-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness and political uncertainty raise Indonesia's import costs for feed ingredients priced in dollars, while a weaker currency can make Indonesian crush and export offers more competitive.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/indonesian-markets-rattled-by-election-uncertainty-finmins-future-2024-02-01/

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