# USD/IDR: Indonesian rupiah poised to remain robust in July – Mizuho: Analytics and Market news from 11 July 2022 06:48

> Mizuho Bank forecast the Indonesian rupiah would remain robust against the US dollar in July 2022, supported by a large trade surplus after palm oil export restrictions were lifted. It flagged risks from rising inflation, aggressive central bank tightening and global downturn fears that could weaken emerging-market currencies.

- Date: 2022-07-11 · published 2022-07-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/40801-usd-idr-indonesian-rupiah-poised-to-remain-robust-in-july-mizuho-analytics-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Palm oil export resumption supports Indonesian trade flows and export receipts, while the currency outlook affects the cost of imported feed ingredients.

## Read by commodity

- USDIDR: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-27 | [Bank Indonesia Raises Rate a 5th Time, Plans Tool to Aid Rupiah](https://feedsoft.ai/events/63355-bank-indonesia-raises-rate-a-5th-time-plans-tool-to-aid-rupiah.md) | -0.8% | -0.8% |
| PALMOIL | 2024-04-24 | [Indonesia's central bank delivers surprise rate hike to anchor rupiah](https://feedsoft.ai/events/31049-indonesia-s-central-bank-delivers-surprise-rate-hike-to-anchor-rupiah.md) | -0.5% | -5.4% |
| PALMOIL | 2024-08-31 | [Ringgit set to gain further against US dollar with support from economic data and Fed moves \| Malay Mail](https://feedsoft.ai/events/29071-ringgit-set-to-gain-further-against-us-dollar-with-support-from-economic-data.md) | +3.9% | +7.1% |
| PALMOIL | 2026-04-28 | [ASIA FX: Most SEA Weaker Versus USD, PHP To Recor...- 04-28-2026 \| MNI](https://feedsoft.ai/events/19963-asia-fx-most-sea-weaker-versus-usd-php-to-recor-04-28-2026-mni.md) | +1.2% | -1.1% |
| PALMOIL | 2018-07-31 | [Financial markets face continued non-resident outflows in June — BNM \| Borneo Post Online](https://feedsoft.ai/events/64294-financial-markets-face-continued-non-resident-outflows-in-june-bnm-borneo-post.md) | -1.1% | -0.9% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3772628

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