# Indonesia rupiah nears 1998 crisis levels, central bank intervenes in FX, bonds markets | Reuters

> The Indonesian rupiah fell to its weakest level since the 1998 Asian financial crisis as emerging-market currencies sold off. Bank Indonesia intervened in both the foreign exchange and bond markets to support the currency.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63836-indonesia-rupiah-nears-1998-crisis-levels-central-bank-intervenes-in-fx-bonds
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

A weaker rupiah raises the cost of imported feed inputs for Indonesian buyers and can push up local feed prices, while the central bank's defense signals continued pressure on emerging-market currencies.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-indonesia-markets-cenbank/indonesia-rupiah-nears-1998-crisis-levels-central-bank-intervenes-in-fx-bonds-markets-idUSKCN1LG0ZG/

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