# USD/IDR Price News: Rupiah renews weekly top near 15,250, focus on Bank Indonesia Interest Decision, Fed’s Powell — Octa

> USD/IDR fell toward 15,250, a weekly low, as the rupiah posted a third straight daily gain. Traders positioned ahead of Bank Indonesia's rate decision, where the benchmark was expected to stay at 5.75%, and Fed Chair Powell's Jackson Hole speech. Downbeat US PMIs and softer Treasury yields supported the rupiah.

- Date: 2023-08-24 · published 2023-08-24T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/34906-usd-idr-price-news-rupiah-renews-weekly-top-near-15-250-focus-on-bank-indonesia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local-currency cost of Indonesian imports such as soymeal and wheat, while a weaker dollar generally supports commodity prices in dollar terms. The rate decision and Fed signals are the near-term drivers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1061312/

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