# Omicron Bikin The Fed Puyeng, Rupiah Curi Peluang Menguat!

> The rupiah weakened 0.14% to 14,320 per dollar at the start of the week, with a sharp intraday drop on fears over the Omicron variant. Shortly after, US President Biden said lockdowns would not be needed, and Fed Chair Powell warned Omicron could slow US growth and complicate the inflation outlook. The rupiah was expected to recover on the day.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/44352-omicron-bikin-the-fed-puyeng-rupiah-curi-peluang-menguat
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Omicron-driven risk aversion strengthens the dollar and pressures emerging-market currencies, raising import costs for Indonesian feed makers, while slower growth expectations weigh on energy and commodity demand.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-03-23 | [Rupiah Menguat Dibayangi Proyeksi Kebijakan Agresif The Fed](https://feedsoft.ai/events/42585-rupiah-menguat-dibayangi-proyeksi-kebijakan-agresif-the-fed.md) | -0.4% | +0.9% |
| DXY | 2022-03-22 | [Rupiah Melemah Seiring Pernyataan Gubernur The Fed yang Agresif](https://feedsoft.ai/events/42586-rupiah-melemah-seiring-pernyataan-gubernur-the-fed-yang-agresif.md) | +0.2% | +0.8% |
| DXY | 2024-01-31 | [Rupiah Melemah, Imbas Tenaga Kerja AS yang Menguat](https://feedsoft.ai/events/32442-rupiah-melemah-imbas-tenaga-kerja-as-yang-menguat.md) | +0.3% | +0.4% |
| DXY | 2021-06-21 | [Rupiah on the slide since Fed meeting - Tue, June 22, 2021 - The Jakarta Post](https://feedsoft.ai/events/46897-rupiah-on-the-slide-since-fed-meeting-tue-june-22-2021-the-jakarta-post.md) | -1.0% | +0.4% |
| DXY | 2024-05-29 | [USD/IDR Melanjutkan Penguatan, Tekan Rupiah di 16.170, Pantau Pidato Pejabat The Fed dan Beige Book AS — Octa](https://feedsoft.ai/events/30583-usd-idr-melanjutkan-penguatan-tekan-rupiah-di-16-170-pantau-pidato-pejabat-the.md) | +1.1% | +2.3% |
| WTI | 2021-12-01 | [Omicron pushes oil prices to three-month lows \| OilNOW](https://feedsoft.ai/events/7523-omicron-pushes-oil-prices-to-three-month-lows-oilnow.md) | +8.8% | +15.8% |
| WTI | 2018-06-17 | [The Fed Is Driving Down Oil Prices \| OilPrice.com](https://feedsoft.ai/events/64443-the-fed-is-driving-down-oil-prices-oilprice-com.md) | +5.9% | +4.8% |
| WTI | 2024-12-19 | [The Commodities Feed: Fed comments weigh on the complex \| ING THINK](https://feedsoft.ai/events/26850-the-commodities-feed-fed-comments-weigh-on-the-complex-ing-think.md) | -0.8% | +10.8% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20211129174529-17-295268/omicron-bikin-the-fed-puyeng-rupiah-curi-peluang-menguat

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