# Rupiah Jeblok ke Level Terlemah 2 Bulan, Efek Tapering?

> The rupiah fell to its weakest level in over two months on November 4, touching 14,345 per dollar, after the Fed announced a $15 billion monthly reduction in bond purchases as expected. The Fed also signalled that rate hikes would come in 2023 rather than 2022, and the dollar index fell 0.25%. The rupiah's decline was modest, with the Fed's move seen as avoiding a taper tantrum.

- Date: 2021-11-04 · published 2021-11-04T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/44355-rupiah-jeblok-ke-level-terlemah-2-bulan-efek-tapering
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The Fed's tapering was largely priced in and did not trigger a sharp EM sell-off, so import costs for Indonesian feed buyers rose only modestly. The dollar's softer reaction reduces near-term pressure on dollar-priced feed ingredients.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-07 | [Rupiah appreciates as Fed delays tapering - ANTARA News](https://feedsoft.ai/events/45367-rupiah-appreciates-as-fed-delays-tapering-antara-news.md) | +0.4% | +1.5% |
| DXY | 2022-01-13 | [Indeks Dolar AS Jeblok Parah, Rupiah Siap Melesat!](https://feedsoft.ai/events/43451-indeks-dolar-as-jeblok-parah-rupiah-siap-melesat.md) | +0.1% | +0.2% |
| DXY | 2020-07-31 | [AS Sah Resesi! Jika Pasar Buka Rupiah Terbang Atau Tumbang?](https://feedsoft.ai/events/52413-as-sah-resesi-jika-pasar-buka-rupiah-terbang-atau-tumbang.md) | -0.3% | -0.6% |
| DXY | 2019-02-20 | [Terungkap, Alasan yang Buat Rupiah Mampu Hajar Dolar AS!](https://feedsoft.ai/events/60895-terungkap-alasan-yang-buat-rupiah-mampu-hajar-dolar-as.md) | -0.5% | -0.4% |
| DXY | 2024-09-28 | [Ramai Kabar Genting, Rupiah Jatuh Bangun Lawan Dolar AS](https://feedsoft.ai/events/28624-ramai-kabar-genting-rupiah-jatuh-bangun-lawan-dolar-as.md) | +0.9% | +3.1% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20211104151636-17-289048/rupiah-jeblok-ke-level-terlemah-2-bulan-efek-tapering

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