# Seandainya Rupiah Babak Belur Lagi, Itu Semua 'Salah' IMF!

> The rupiah rose 0.21% to 14,080 per dollar on June 24 but was expected to weaken again on June 25 as US stocks fell. The IMF cut its 2020 global growth forecast to minus 4.9% and projected Indonesia's economy to contract 0.3% this year. Technical analysts said the rupiah had been consolidating around the 14,000 level.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/52934-seandainya-rupiah-babak-belur-lagi-itu-semua-salah-imf
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The IMF's deeper global contraction forecast points to weaker demand and risk appetite, which tends to pressure emerging-market currencies and raise imported input costs for Indonesian feed producers.

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20200625084657-17-167857/seandainya-rupiah-babak-belur-lagi-itu-semua-salah-imf

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