# USD/IDR Price News: Indonesian rupiah mildly bid below 14,800 amid coronavirus woes, USD pullback — Octa

> The rupiah traded below 14,800 per dollar as Indonesia reported 686 new COVID-19 cases, bringing its total to 23,851 with 1,473 deaths. The government plans to ease lockdown restrictions from June 1 despite President Widodo's warning of a second wave. US-China tensions also weighed on Asian currencies.

- Date: 2020-05-28 · published 2020-05-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/53430-usd-idr-price-news-indonesian-rupiah-mildly-bid-below-14-800-amid-coronavirus
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the local-currency cost of imported feed inputs such as soymeal and corn, while the easing of lockdowns may gradually lift feed demand. The effect on commodity prices is limited because the story is mainly routine currency movement.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/824359/

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