# USD/IDR Price News: Rupiah stays firmer around 11-month high near 14,700 on mixed Indonesia GDP — Octa

> The rupiah traded near 14,680 to 14,700 per US dollar, close to an 11-month high, after Indonesia's Q1 2023 GDP grew 5.03% year on year, above the expected 4.95%. The dollar index also eased to around 101.30 as markets priced in a Fed policy pivot. Analysts expected growth to slow as commodity prices eased.

- Date: 2023-05-05 · published 2023-05-05T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36271-usd-idr-price-news-rupiah-stays-firmer-around-11-month-high-near-14-700-on
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local-currency cost of dollar-priced feed imports into Indonesia, while slowing commodity-driven growth points to softer demand ahead.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1039506/

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