# USD/IDR Price News: Indonesian rupiah dives 1.65% to 14,820 on central bank's intervention - Forex Crunch

> Bank Indonesia intervened in the spot market on September 2 to smooth rupiah volatility, and the rupiah dropped over 1.5% to a nine-day low of 14,820 per dollar. The move also reflected a broad dollar recovery after strong US ISM manufacturing data.

- Date: 2020-09-02 · published 2020-09-02T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/51425-usd-idr-price-news-indonesian-rupiah-dives-1-65-to-14-820-on-central-bank-s
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sharp rupiah sell-off raises the local-currency cost of imported feed ingredients for Indonesian buyers. The move was mostly driven by the dollar's broad strength, so its effect on global feed prices is limited.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/09/02/usd-idr-price-news-indonesian-rupiah-dives-1-65-to-14820-on-central-banks-intervention/

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