# Indonesian rupiah soars as inflation print points to hawkish cenbank stance | Financial Post

> The Indonesian rupiah rose more than 1% after November inflation eased but stayed above Bank Indonesia's 2%-4% target range. The U.S. dollar slid on signs the Federal Reserve would slow its tightening pace.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/38522-indonesian-rupiah-soars-as-inflation-print-points-to-hawkish-cenbank-stance
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency strength and persistent Indonesian rate hikes affect the cost of Indonesian commodity exports and feed-relevant palm oil and meal flows, though the direct grain price impact is limited.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-11 | [Dollar drops to one-week low as inflation fears fade; ECB in focus \| Financial Post](https://feedsoft.ai/events/48345-dollar-drops-to-one-week-low-as-inflation-fears-fade-ecb-in-focus-financial-post.md) | -0.4% | -0.3% |
| DXY | 2024-03-01 | [Asian currencies tepid after soft US inflation - Business & Finance - Business Recorder](https://feedsoft.ai/events/31485-asian-currencies-tepid-after-soft-us-inflation-business-and-finance-business.md) | -0.8% | -0.1% |
| DXY | 2024-08-26 | [AUD/USD surges with dovish Fed and hawkish RBA stance on inflation \| IG International](https://feedsoft.ai/events/29061-aud-usd-surges-with-dovish-fed-and-hawkish-rba-stance-on-inflation-ig.md) | +0.7% | -0.0% |
| DXY | 2021-06-23 | [Asian currencies gain as Fed reassures on rates; Thai cbank in focus \| Financial Post](https://feedsoft.ai/events/46859-asian-currencies-gain-as-fed-reassures-on-rates-thai-cbank-in-focus-financial.md) | -0.6% | +0.4% |
| DXY | 2023-04-11 | [Latam FX at 5-year high as dollar dips ahead of U.S. inflation data \| Financial Post](https://feedsoft.ai/events/36626-latam-fx-at-5-year-high-as-dollar-dips-ahead-of-u-s-inflation-data-financial.md) | -0.4% | -1.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/indonesian-rupiah-soars-as-inflation-print-points-to-hawkish-cenbank-stance

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