# Rupiah terus melemah, Bank Indonesia: Pasar keuangan sedang gundah

> Bank Indonesia's deputy governor said on February 28, 2020, that financial markets were jittery because of the spreading Covid-19 outbreak. Investors were moving money into safe assets such as the US dollar and gold. The rupiah had fallen 4.6% since the prior Wednesday, to 14,234 per US dollar at the morning central-bank rate, and the central bank said it would smooth its moves.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/54908-rupiah-terus-melemah-bank-indonesia-pasar-keuangan-sedang-gundah
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sustained 4.6% depreciation over a week lifts the cost of imported soymeal, corn and premixes for Indonesian feed producers. The central bank's smoothing efforts may limit further losses but are unlikely to reverse the trend quickly.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- u.aa.com.tr: https://u.aa.com.tr/id/ekonomi/rupiah-terus-melemah-bank-indonesia-pasar-keuangan-sedang-gundah/1747944

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