# USD/IDR Price News: Indonesian rupiah off four-month tops on Q3 GDP miss — Octa

> Indonesia's economy grew 5.05 percent quarter-on-quarter in Q3 2020, below the 5.34 percent forecast, and contracted 3.49 percent year-on-year. The weak data pushed the rupiah off four-month lows near 14,375 per US dollar, with spot trading around 14,420.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/50451-usd-idr-price-news-indonesian-rupiah-off-four-month-tops-on-q3-gdp-miss-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A GDP miss signals weaker domestic demand in Indonesia, which can slow feed and livestock consumption, while currency swings affect the cost of imported feed inputs.

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/861145/

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