# Rupiah on the slide since Fed meeting - Tue, June 22, 2021 - The Jakarta Post

> The rupiah has weakened against the dollar since June 14, shortly before the June 15-16 FOMC meeting, which hinted at two rate hikes by end-2023. The Jakarta interbank rate fell 0.35% to Rp14,453 on June 21. Analysts called the move Fed-driven rather than fundamental.

- Date: 2021-06-21 · published 2021-06-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46897-rupiah-on-the-slide-since-fed-meeting-tue-june-22-2021-the-jakarta-post
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hawkish Fed signals strengthen the dollar and raise import costs for Indonesian feed buyers, while also pressuring other dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-22 | [Fed Holds the Course at September 2021 Meeting](https://feedsoft.ai/events/44963-fed-holds-the-course-at-september-2021-meeting.md) | +0.4% | -0.3% |
| DXY | 2018-12-20 | [USDZAR jumps following the Fed meeting](https://feedsoft.ai/events/61834-usdzar-jumps-following-the-fed-meeting.md) | -0.1% | -1.1% |
| DXY | 2021-11-30 | [Omicron Bikin The Fed Puyeng, Rupiah Curi Peluang Menguat!](https://feedsoft.ai/events/44352-omicron-bikin-the-fed-puyeng-rupiah-curi-peluang-menguat.md) | -0.4% | -1.0% |
| DXY | 2019-07-31 | [Fed meeting: beware the dollar’s resilience \| articles \| ING THINK](https://feedsoft.ai/events/58016-fed-meeting-beware-the-dollar-s-resilience-articles-ing-think.md) | +0.9% | +1.8% |
| DXY | 2021-06-17 | [Global Stocks Tumble, Gold Slides After the Fed Meeting - Markets Insider](https://feedsoft.ai/events/12553-global-stocks-tumble-gold-slides-after-the-fed-meeting-markets-insider.md) | +1.1% | +1.7% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/paper/2021/06/21/rupiah-on-the-slide-since-fed-meeting

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