# Rupiah appreciates on Monday over low demand for US dollar - ANTARA News

> The Indonesian rupiah strengthened to Rp14,551 per dollar on Monday, gaining 0.56% in the Jakarta interbank market. Analysts attributed the move to broad US dollar weakness against other currencies and low domestic demand for foreign currency.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/51925-rupiah-appreciates-on-monday-over-low-demand-for-us-dollar-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer rupiah lowers the local cost of imported feed ingredients such as soybean meal and corn, which can ease feed-mill margins in Indonesia. The move is routine currency trading with no major shift for agricultural prices.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼

## Sources

- en.antaranews.com: https://en.antaranews.com/news/155422/rupiah-appreciates-on-monday-over-low-demand-for-us-dollar

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