# USD/IDR: Positives in Indonesian economy to help with some defensiveness against Dollar strength – MUFG — Octa

> MUFG says Indonesian fundamentals, including Q1 GDP growth of 5.03% and easing inflation, should cushion the rupiah against dollar strength. The rupiah had weakened from 14,671 to 14,988 per dollar in May, and MUFG forecasts USD/IDR at 14,400 by Q1 2024.

- Date: 2023-06-13 · published 2023-06-13T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/35809-usd-idr-positives-in-indonesian-economy-to-help-with-some-defensiveness-against
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local cost of imported feed inputs for Indonesian buyers, but the outlook has little effect on global feed commodity prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1046882/

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