# USD/IDR: Indonesia’s high real yields ensure good carry demand for the rupiah – ANZ — Octa

> ANZ economists say the rupiah has traded relatively well, supported by a strong trade surplus driven by high commodity prices and attractive real yields. They expect the undervaluation to narrow gradually as carry demand grows and Indonesia nears its first annual current account surplus since 2011.

- Date: 2021-09-29 · published 2021-09-29T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/45362-usd-idr-indonesia-s-high-real-yields-ensure-good-carry-demand-for-the-rupiah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah would lower Indonesian import costs for feed raw materials, while strong commodity export earnings support the currency.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/927320/

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