# USD/IDR refrains from further declines amid recent greenback buying — Octa

> USD/IDR rebounded from a multi-month low near 13,955 on July 22, 2019, as the dollar regained strength. The move followed a New York Fed statement that undercut dovish signals from President Williams, and Bank Indonesia's rate cut weighed on the rupiah.

- Date: 2019-07-22 · published 2019-07-22T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/58419-usd-idr-refrains-from-further-declines-amid-recent-greenback-buying-octa
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Dollar strength against the rupiah raises the local cost of dollar-denominated feed imports for Indonesian buyers.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/727402/

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