# USD/IDR Price News: Indonesian rupiah bounces off eight-day low on upbeat trade numbers — Octa

> The Indonesian rupiah eased from the highest level since December 3, trading near 14,185 per US dollar, after November trade data beat forecasts. Exports rose 9.54% year on year and the trade surplus widened to $2.62 billion.

- Date: 2020-12-15 · published 2020-12-15T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/49966-usd-idr-price-news-indonesian-rupiah-bounces-off-eight-day-low-on-upbeat-trade
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah lowers the local-currency cost of Indonesian palm oil and other exports, which can modestly ease pressure on regional vegetable oil and feed-ingredient prices.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/869578/

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