# EM ASIA FX-Indonesia's rupiah hammered by virus fears, set for worst week since 2013

> Indonesia's rupiah fell sharply on Feb 28, 2020, and was set for its worst week since 2013, prompting central bank intervention in the spot market. Most other Asian currencies also weakened but stayed within tight ranges as fears over the coronavirus economic impact grew.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/54838-em-asia-fx-indonesia-s-rupiah-hammered-by-virus-fears-set-for-worst-week-since
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Rupiah weakness raises the local cost of imported feed ingredients and increases the risk of capital outflows from emerging Asia, which can pressure regional feed demand and prices.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/world/us/em-asia-fx-indonesias-rupiah-hammered-by-virus-fears-set-for-worst-week-since-idUSL3N2AS22K/

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