# Why an Emerging Market Rout Has Hit Indonesia So Hard - Bloomberg

> The rupiah slumped to a nearly three-year low against the dollar as a financial crisis in Turkey hit emerging markets. Indonesia has raised rates four times since mid-May and sold billions in reserves to stem the rout.

- Date: 2018-05-09 · published 2018-05-09T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/65326-why-an-emerging-market-rout-has-hit-indonesia-so-hard-bloomberg
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Emerging-market contagion and a weaker rupiah raise dollar-based feed import costs for Indonesian buyers, while aggressive rate hikes weigh on domestic demand.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-05-09/why-an-emerging-market-rout-has-hit-indonesia-so-hard-quicktake

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