# Rupiah Terkapar, Ekonom: Kini Investor Yakin Corona Tak Mudah Diatasi

> The rupiah closed at 14,317 per US dollar on February 28, 2020, down 2.09% from the prior day's close of 14,025. Economist Piter Abdullah of CORE said global investors now believe the coronavirus outbreak will be hard to contain, which is weighing on the currency. He also said the economic impact will be larger than previously expected.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/54906-rupiah-terkapar-ekonom-kini-investor-yakin-corona-tak-mudah-diatasi
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A currency sell-off of this size makes dollar-priced feed ingredients more expensive for Indonesian buyers, and a slower economy could reduce demand for feed and animal protein. Both effects point to higher landed feed costs.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- money.kompas.com: https://money.kompas.com/read/2020/02/28/183100826/rupiah-terkapar-ekonom--kini-investor-yakin-corona-tak-mudah-diatasi

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