# Indonesia Battles Currency Woes

> The rupiah reached 14,930 per dollar in early September, its lowest since the 1998 Asian financial crisis, and has lost about 9% in 2018. Analysts say Indonesia is among the most battered Asian currencies, hit by Fed rate hikes, the Argentine and Turkish crises, and the US-China trade war.

- Date: 2018-09-11 · published 2018-09-11T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/63360-indonesia-battles-currency-woes
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency pressure raises the local-currency cost of imported feed ingredients and can trigger policy responses that affect trade and commodity flows in Southeast Asia.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- voanews.com: https://www.voanews.com/a/indonesia-battles-currency-woes-/4566516.html

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