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> The rupiah strengthened on October 28 on hopes that the US and China would advance their phase-one trade deal, with a signing expected at APEC in Chile in November. Expectations of a Fed rate cut also weighed on the dollar. Bank Indonesia had cut its benchmark rate to 5.00%.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/56893-loading
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Progress on the US-China deal supports demand for US farm exports and lifts emerging-market currencies. A firmer rupiah lowers the local cost of imported feed ingredients.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- infobanknews.com: https://infobanknews.com/kelanjutan-negosiasi-dagang-as-tiongkok-dorong-penguatan-rupiah

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