# USD/IDR: Indonesian rupiah likely to strenghten, vulnerable to a tighter Fed monetary policy – Wells Fargo — Octa

> Wells Fargo forecasts the rupiah will gradually strengthen against the dollar, with USD/IDR seen at 14,400 in Q2, 14,300 in Q3 and 14,100 by Q1 next year. The bank flags downside risk from a more hawkish Fed, given dollar-denominated government debt and foreign holdings of sovereign bonds.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46896-usd-idr-indonesian-rupiah-likely-to-strenghten-vulnerable-to-a-tighter-fed
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A forecast of a firmer rupiah lowers Indonesia's import costs for feed ingredients, but the Fed risk highlighted could reverse that, adding volatility for buyers.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/909264/

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