# Cash Is The King Bakal Bawa Rupiah ke Rp 15.400/US$?

> Bank Indonesia deputy governor Aida Budiman described a 'cash is king' phenomenon, in which investors hold US dollars as a safe haven. The rupiah fell nearly 1% to 15,260 per dollar on Wednesday, and the dollar index has risen more than 19% this year.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/39903-cash-is-the-king-bakal-bawa-rupiah-ke-rp-15-400-us
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Safe-haven dollar demand driven by Fed tightening and recession fears keeps emerging-market currencies under pressure. That raises import costs for Indonesian feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-03-31 | [IHSG ke Bawah 6.000, Rupiah Rp 14.500/US$, Ini Penyebabnya](https://feedsoft.ai/events/48407-ihsg-ke-bawah-6-000-rupiah-rp-14-500-us-ini-penyebabnya.md) | -0.9% | -2.0% |
| DXY | 2022-03-28 | [Pergerakan Rupiah Bakal Tertekan Yield US Treasury](https://feedsoft.ai/events/42583-pergerakan-rupiah-bakal-tertekan-yield-us-treasury.md) | -0.3% | +1.9% |
| DXY | 2021-09-30 | [Bayang-bayang Tapering Buat Rupiah Rontok ke Rp14.312](https://feedsoft.ai/events/45361-bayang-bayang-tapering-buat-rupiah-rontok-ke-rp14-312.md) | +0.0% | -1.1% |
| DXY | 2017-10-31 | [Rupiah Sempat KO ke Rp13.600 USD, BI: Gara-Gara The Fed    : Okezone Economy](https://feedsoft.ai/events/68760-rupiah-sempat-ko-ke-rp13-600-usd-bi-gara-gara-the-fed-okezone-economy.md) | -0.2% | -1.4% |
| DXY | 2018-09-30 | [Is the US dollar heading for a crash?  \| The National](https://feedsoft.ai/events/63245-is-the-us-dollar-heading-for-a-crash-the-national.md) | +0.7% | +1.8% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20220929070255-17-375789/cash-is-the-king-bakal-bawa-rupiah-ke-rp-15400-us-

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