# Rupiah strengthens against dollar after the Fed cuts interest rate - ANTARA News

> The rupiah strengthened against the US dollar in Jakarta interbank trading on October 31 after the Federal Reserve cut its benchmark rate by 25 basis points to 1.50%-1.75%. This was the Fed's third cut this year, taken amid sluggish US growth. Bank Mandiri's analyst attributed the rupiah's gain to the lower Fed rate.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/56886-rupiah-strengthens-against-dollar-after-the-fed-cuts-interest-rate-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker dollar after Fed easing eases pressure on Indonesia's import costs, including feed ingredients priced in dollars. The effect on grain and meal prices is small.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- en.antaranews.com: https://en.antaranews.com/news/135663/rupiah-strengthens-against-dollar-after-the-fed-cuts-interest-rate

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