# USD/IDR to simmer a move downward to the 13,600-13,700 zone – Credit Suisse: Analytics and Market news from 20 October 2021 07:46

> Credit Suisse economists expect USD/IDR to move lower toward 13,600-13,700 as Bank Indonesia allows gradual rupiah appreciation. They based this on strong export demand, subdued domestic demand, and positive trade and portfolio inflows.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/44861-usd-idr-to-simmer-a-move-downward-to-the-13-600-13-700-zone-credit-suisse
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stronger rupiah lowers the local cost of dollar-priced feed imports, which is a modest benefit to Indonesian feed buyers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3697453

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