# The Fed Tahan Suku Bunga, Rupiah Menguat

> Indonesia's rupiah strengthened after the US Federal Reserve held rates steady and signaled a dovish stance, with fewer hikes expected in 2019. UOB revised its 2019 average rupiah forecast to 14,400 per US dollar from 14,800, citing the Fed signal and positive domestic factors such as a narrower current account deficit and higher reserves.

- Date: 2019-01-31 · published 2019-01-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/61386-the-fed-tahan-suku-bunga-rupiah-menguat
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer rupiah and a weaker dollar generally support Indonesia's import purchasing power for feed ingredients priced in dollars, while a weaker US dollar tends to lift dollar-denominated grain and meal prices.

## Read by commodity

- DXY: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-28 | [The Fed Naikkan Suku Bunga, Nilai Tukar Rupiah Menguat](https://feedsoft.ai/events/40797-the-fed-naikkan-suku-bunga-nilai-tukar-rupiah-menguat.md) | -0.3% | +0.2% |
| DXY | 2022-12-02 | [Mantapnya Rupiah, Menguat 2% dalam 2 Hari](https://feedsoft.ai/events/38528-mantapnya-rupiah-menguat-2-dalam-2-hari.md) | +0.3% | -0.5% |
| DXY | 2023-12-15 | [Rupiah menguat ditopang surplus neraca perdagangan - ANTARA News](https://feedsoft.ai/events/33017-rupiah-menguat-ditopang-surplus-neraca-perdagangan-antara-news.md) | -0.2% | +0.8% |
| DXY | 2022-12-14 | [Rupiah Menguat Tajam Dipicu Melambatnya Inflasi AS](https://feedsoft.ai/events/38527-rupiah-menguat-tajam-dipicu-melambatnya-inflasi-as.md) | +0.2% | -2.0% |
| DXY | 2021-09-06 | [Dolar AS Terpuruk! Tapi Tak Menjamin Rupiah Menguat Pekan Ini](https://feedsoft.ai/events/45364-dolar-as-terpuruk-tapi-tak-menjamin-rupiah-menguat-pekan-ini.md) | +0.4% | +1.5% |

## Sources

- kompas.id: https://www.kompas.id/artikel/the-fed-tahan-suku-bunga-rupiah-menguat

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