# Rupiah strengthens over expectation of dovish Fed - ANTARA News

> The rupiah rose 45 points to close at Rp14,188 per dollar in Jakarta on Wednesday evening as investors anticipated a dovish tone from the Federal Reserve. Analysts expected the Fed to hold rates at its meeting that week, and Fed Chair Jerome Powell said the fed funds rate was near normal levels.

- Date: 2019-03-20 · published 2019-03-20T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/60397-rupiah-strengthens-over-expectation-of-dovish-fed-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A firmer rupiah eases import costs and debt-servicing pressure for Indonesia, a major buyer of feed ingredients such as soymeal and corn, with little direct effect on grain prices.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- en.antaranews.com: https://en.antaranews.com/news/122829/rupiah-strengthens-over-expectation-of-dovish-fed

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