# USD/IDR: Rupiah continues to benefit from carry demand, scope for further gains – ANZ — Octa

> ANZ economists say the rupiah continues to benefit from carry trade demand and sees scope for further gains. They cite a current account surplus of 1.2% of GDP in Q1, the highest since 2010, and forecast USD/IDR at 14,200 by end-2023.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/35805-usd-idr-rupiah-continues-to-benefit-from-carry-demand-scope-for-further-gains
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stronger rupiah lowers the local cost of imported feed inputs for Indonesian producers, but the forecast has little direct effect on global feed commodity prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1049993/

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