# Indonesia Rupiah Jumps After Bank Signals Currency Intervention Unlikely

> Indonesia's central bank said it expects the rupiah to gain further after the currency rallied to its highest level in almost 21 months. The rally reflected an improved outlook for Southeast Asia's largest economy and growing risk appetite among global investors.

- Date: 2020-01-10 · published 2020-01-10T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/55393-indonesia-rupiah-jumps-after-bank-signals-currency-intervention-unlikely
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A stronger rupiah lowers the local cost of imported feed inputs such as soymeal and wheat for Indonesian buyers, while the currency move has little direct effect on world feed grain prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-01-10/indonesia-sees-more-gains-for-rupiah-after-it-hits-21-month-high

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