# Rupiah Climbs against Dollar amidst Market Optimism over Indonesia's Economy - News En.tempo.co

> The rupiah closed up 15 points at 15,810 per dollar on January 29, 2024. Analyst Ibrahim Assuaibi forecast further gains in the following session, with a range of 15,780 to 15,840. He cited optimism that Indonesia's 2023 growth exceeded 5%, inflation was within target, and the trade surplus had lasted 40 months.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/32446-rupiah-climbs-against-dollar-amidst-market-optimism-over-indonesia-s-economy
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Domestic macro optimism and a steady currency reduce import-cost pressure for Indonesian feed buyers, but the effect on global commodity prices is limited.

## Sources

- en.tempo.co: https://en.tempo.co/read/1827493/rupiah-climbs-against-dollar-amidst-market-optimism-over-indonesias-economy

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