# Fed’s hawkish U-turn puts rupiah under pressure - Markets - The Jakarta Post

> The rupiah weakened to Rp 15,450 per US dollar on March 8, close to its starting level for the year, after a shift in tone at the US Federal Reserve. Analysts expect the currency to stay under pressure, with some seeing it reach Rp 16,000 in the first half.

- Date: 2023-03-08 · published 2023-03-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37199-fed-s-hawkish-u-turn-puts-rupiah-under-pressure-markets-the-jakarta-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local cost of dollar-priced feed ingredient imports for Indonesian buyers. The move supports a firmer USD/IDR and higher landed feed costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2023/03/08/feds-hawkish-u-turn-puts-rupiah-under-pressure

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