# Rupiah Declines to Asian Crisis Low as EM Rout Worsens - Bloomberg

> The rupiah slid to 14,750 per dollar, its weakest since the 1998 Asian financial crisis, prompting central bank intervention. Benchmark bond yields rose 10 basis points to their highest since 2016 and the Jakarta Composite Index fell as much as 1.3%.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63837-rupiah-declines-to-asian-crisis-low-as-em-rout-worsens-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Currency weakness and higher local borrowing costs increase the cost of importing feed ingredients for Indonesia, which tends to weigh on local feed demand and margins.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-08-31/rupiah-falls-to-asian-crisis-low-as-emerging-market-pain-spreads

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