# Indonesian rupiah leads losses among Asian FX, stocks ease - Markets - Business Recorder

> Most Asian currencies and equities eased on Nov 22 after a recent rally, as investors became cautious about expectations of an end to US rate hikes following minutes from the Federal Reserve's last meeting. The Indonesian rupiah fell as much as 0.98%, its biggest one-day percentage drop since Sept. 28, and the ringgit also weakened. Indonesia's central bank sold $236.5 million of new dollar-denominated securities to attract inflows.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/33494-indonesian-rupiah-leads-losses-among-asian-fx-stocks-ease-markets-business
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker rupiah and ringgit raise the local-currency cost of imported feed ingredients for Indonesian and Malaysian buyers. The move is a short-term currency swing with little direct effect on feed commodity prices.

## Read by commodity

- USDIDR: bullish ▲
- USDMYR: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40274566

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