# Rupiah Melemah Jelang Dolar AS Jelang Simposium Ekonomi Jackson Hole

> The rupiah weakened ahead of Fed Chair Jerome Powell's Jackson Hole speech, with the spot rate near 15,320 per dollar. Analysts expected a hawkish message on inflation. The People's Bank of China's cut to its loan prime rate, smaller than expected, pushed the yuan to a 16-year low against the dollar. Indonesia also recorded its first current account deficit in two years, at US$1.9 billion.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/34909-rupiah-melemah-jelang-dolar-as-jelang-simposium-ekonomi-jackson-hole
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker yuan and a current account deficit both add downward pressure on the rupiah, raising the cost of imported feed inputs in Indonesia. Slowing Chinese demand also weighs on regional commodity demand.

## Read by commodity

- USDCNY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-06-22 | [Rupiah Sepekan Terakhir Melemah, Bank Indonesia: Seperti Ada Anomali](https://feedsoft.ai/events/35807-rupiah-sepekan-terakhir-melemah-bank-indonesia-seperti-ada-anomali.md) | +0.9% | -0.0% |
| USDCNY | 2018-07-21 | [Dolar AS Sentuh Rp 14.500, Ini Penjelasan BI](https://feedsoft.ai/events/64365-dolar-as-sentuh-rp-14-500-ini-penjelasan-bi.md) | +0.6% | +1.6% |
| USDCNY | 2021-07-28 | [Asian currencies: Chinese yuan, Hong Kong dollar weaken as China stocks fall](https://feedsoft.ai/events/46285-asian-currencies-chinese-yuan-hong-kong-dollar-weaken-as-china-stocks-fall.md) | -0.6% | -0.6% |
| USDCNY | 2026-02-24 | [Dollar ticks up on positive economic data; euro stable while yuan slips By Investing.com](https://feedsoft.ai/events/20835-dollar-ticks-up-on-positive-economic-data-euro-stable-while-yuan-slips-by.md) | -0.3% | -0.3% |
| USDCNY | 2016-11-14 | [Dollar surges to 11-month high as bond rout persists](https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists.md) | +1.3% | +1.6% |

## Sources

- investor.id: https://investor.id/market/338754/rupiah-melemah-jelang-dolar-as-jelang-simposium-ekonomi-jackson-hole

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