# Indonesian rupiah lags Asia FX; Thai baht hovers at six-week lows | Financial Post

> The rupiah fell to a near two-month low of about 14,660 per dollar after Bank Indonesia cut rates to 4.00%. The baht hovered near six-week lows as investors worried about Thailand's fiscal response after finance chief Uttama Savanayana resigned.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/52368-indonesian-rupiah-lags-asia-fx-thai-baht-hovers-at-six-week-lows-financial-post
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weaker Asian currencies raise the local-currency cost of imported feed ingredients and shift regional buying power.

## Read by commodity

- USDIDR: bullish ▲
- USDTHB: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/indonesian-rupiah-lags-asia-fx-thai-baht-hovers-at-six-week-lows

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