# The US-China Conflict Makes The Rupiah The Strongest Currency In The Asia Pacific

> The rupiah opened 0.74% stronger at 14,503 per dollar on July 27, leading Asia-Pacific currencies as the dollar weakened. Analysts cited worries over the US economic recovery, rising COVID-19 cases, and US-China tensions, along with prospects for a new US stimulus package.

- Date: 2020-07-27 · published 2020-07-27T12:00:00.000Z
- Category: macro · region Asia Pacific · magnitude low
- Page: https://feedsoft.ai/events/52416-the-us-china-conflict-makes-the-rupiah-the-strongest-currency-in-the-asia
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Broad dollar weakness supports dollar-priced agricultural commodities, but the story is mainly about currency flows rather than a direct supply or demand change.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-06-19 | [Asia markets: The Fed, US-China trade, currencies in focus](https://feedsoft.ai/events/9812-asia-markets-the-fed-us-china-trade-currencies-in-focus.md) | -1.1% | -0.9% |
| DXY | 2017-02-06 | [Currency of Indonesia: Rupiah versus US Dollar on Monday \| Indonesia Investments](https://feedsoft.ai/events/72809-currency-of-indonesia-rupiah-versus-us-dollar-on-monday-indonesia-investments.md) | +0.5% | +0.7% |
| DXY | 2018-01-26 | [In Global Currency Game, China Is Losing to U.S.](https://feedsoft.ai/events/11863-in-global-currency-game-china-is-losing-to-u-s.md) | -0.0% | +1.1% |
| DXY | 2018-03-04 | [Currency markets send a warning on the US economy](https://feedsoft.ai/events/66191-currency-markets-send-a-warning-on-the-us-economy.md) | -0.6% | -0.8% |
| DXY | 2017-09-29 | [Can the US dollar make a comeback? \| South China Morning Post](https://feedsoft.ai/events/69153-can-the-us-dollar-make-a-comeback-south-china-morning-post.md) | +0.3% | +1.7% |

## Sources

- voi.id: https://voi.id/en/news/9621

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