# Rupiah Corrected After The Fed Advances Projection Of Interest Rate Increase

> The rupiah weakened 0.65% to Rp14,330 per dollar in Jakarta morning trade after the Fed brought forward its projected rate increase to 2023. The Fed also raised its 2021 inflation forecast to 3.1%. The dollar index rose to 91.339 and the 10-year Treasury yield was 1.57%.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46901-rupiah-corrected-after-the-fed-advances-projection-of-interest-rate-increase
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

An earlier Fed tightening path strengthens the dollar and raises import costs for Indonesian feed buyers, adding pressure on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-16 | [Gold slides over 1% after Fed projects rate hikes into 2023](https://feedsoft.ai/events/46487-gold-slides-over-1-after-fed-projects-rate-hikes-into-2023.md) | +1.4% | +1.4% |
| DXY | 2024-07-31 | [Market Awaits Fed Interest Rate Decision, Rupiah Potential to Weaken](https://feedsoft.ai/events/29613-market-awaits-fed-interest-rate-decision-rupiah-potential-to-weaken.md) | -0.5% | -1.9% |
| DXY | 2017-12-13 | [How an expected U.S. interest rate increase will affect Canadians: Don Pittis](https://feedsoft.ai/events/67691-how-an-expected-u-s-interest-rate-increase-will-affect-canadians-don-pittis.md) | -0.4% | -1.8% |
| DXY | 2018-06-13 | [Gold erases gains after Fed hikes interest rates](https://feedsoft.ai/events/64440-gold-erases-gains-after-fed-hikes-interest-rates.md) | +1.3% | +0.6% |
| DXY | 2023-07-26 | [Instant View: Fed raises interest rates, leaves door open to another increase \| Reuters](https://feedsoft.ai/events/34955-instant-view-fed-raises-interest-rates-leaves-door-open-to-another-increase.md) | +0.6% | +2.1% |

## Sources

- voi.id: https://voi.id/en/economy/59761

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