# Indonesian Rupiah Weakens Beyond IDR 14,700 per US Dollar Level | Indonesia Investments

> The rupiah weakened beyond 14,700 per dollar, approaching a two-decade low, while the Jakarta Composite Index fell 1.19%. Indonesia's Q2 2018 current account deficit was $8.0 billion, or 3.0% of GDP, and Bank Indonesia has raised its policy rate by 1.25 percentage points over three months.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63841-indonesian-rupiah-weakens-beyond-idr-14-700-per-us-dollar-level-indonesia
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The widening current account deficit and currency weakness raise Indonesia's import costs for feed and reduce investor appetite for local assets, which can pressure feed demand and pricing.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/indonesian-rupiah-weakens-beyond-idr-14-700-per-us-dollar-level/item8961

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