# USD/IDR to remain elevated near-term, ticking down to 14,700 by year-end – MUFG — Octa

> MUFG expects USD/IDR to stay elevated near-term, forecasting 15,300 at the end of Q2 and 14,700 by year-end 2023. The bank cites narrowing yield differentials, a possible shift in US rate policy and China's reopening.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37206-usd-idr-to-remain-elevated-near-term-ticking-down-to-14-700-by-year-end-mufg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The forecast implies a weaker rupiah in the near term before gradual appreciation, which affects Indonesian feed import costs. The price impact on feed commodities is limited.

## Read by commodity

- USDIDR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1027562/

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