# USD/IDR Price News: Rupiah rises towards $15,000 on upbeat Indonesia GDP, focus on China, Fed updates — Octa

> The USD/IDR pair dropped to about 15,050 after Indonesia reported fourth-quarter GDP growth of 0.36% quarter on quarter, slightly above forecasts. The rupiah was supported as Indonesia posted its best annual growth in nine years in 2022. Risk aversion tied to China and the Fed capped gains.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/37662-usd-idr-price-news-rupiah-rises-towards-15-000-on-upbeat-indonesia-gdp-focus-on
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Solid growth supports rupiah demand and keeps Indonesian feed import costs contained. Strong domestic demand also supports feed consumption.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1022292/

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