# Dolar AS Sentuh Rp 14.500, Ini Penjelasan BI

> The rupiah fell past the Rp 14,500 per dollar psychological level on July 20, its weakest point since October 2015. Bank Indonesia attributed the drop to a deliberate yuan devaluation by China's central bank and expectations of up to four Fed rate hikes this year. The central bank said Indonesia's currency still performed better than those of India, Mexico, Poland and Brazil.

- Date: 2018-07-21 · published 2018-07-21T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/64365-dolar-as-sentuh-rp-14-500-ini-penjelasan-bi
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A weaker rupiah and a stronger dollar raise the cost of imported feed ingredients and freight for Indonesian buyers. Yuan weakness and Fed tightening also tighten dollar liquidity across emerging markets.

## Read by commodity

- USDCNY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2016-11-14 | [Dollar surges to 11-month high as bond rout persists](https://feedsoft.ai/events/7743-dollar-surges-to-11-month-high-as-bond-rout-persists.md) | +1.3% | +1.6% |
| USDCNY | 2021-04-01 | [China's yuan dips as Biden infrastructure plan lifts dollar \| Financial Post](https://feedsoft.ai/events/47817-china-s-yuan-dips-as-biden-infrastructure-plan-lifts-dollar-financial-post.md) | -0.2% | -1.1% |
| USDCNY | 2023-05-18 | [As China's yuan drops through 7 again, the dollar is in the driver's seat](https://feedsoft.ai/events/36175-as-china-s-yuan-drops-through-7-again-the-dollar-is-in-the-driver-s-seat.md) | +0.9% | +1.9% |
| USDCNY | 2023-08-23 | [Rupiah Melemah Jelang Dolar AS Jelang Simposium Ekonomi Jackson Hole](https://feedsoft.ai/events/34909-rupiah-melemah-jelang-dolar-as-jelang-simposium-ekonomi-jackson-hole.md) | -0.2% | -0.1% |
| USDCNY | 2024-06-27 | [China's Yuan Hits Seven-Month Low As Dollar Outflows Persist - Finimize](https://feedsoft.ai/events/30009-china-s-yuan-hits-seven-month-low-as-dollar-outflows-persist-finimize.md) | +0.0% | -0.5% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20180721074614-17-24722/dolar-as-sentuh-rp-14500-ini-penjelasan-bi

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