# Indonesia rupiah falls to weakest level in more than 20 years

> The Indonesian rupiah fell to 14,777 per dollar on September 3, its weakest level since 1998 and down about 8.9% year to date. Bank Indonesia said it would intervene in foreign exchange and bond markets, with analysts citing the current account deficit and emerging-market turmoil.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/63359-indonesia-rupiah-falls-to-weakest-level-in-more-than-20-years
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A sharp rupiah slide raises Indonesia's import costs for feed ingredients and fuel and reflects broader emerging-market stress that can weigh on dollar-priced commodity demand.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2018/09/03/indonesia-rupiah-falls-to-weakest-level-in-more-than-20-years.html

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