# Sharp rupiah depreciation caused by market adjustment:BI - ANTARA News

> Bank Indonesia said the rupiah's sharp fall past 13,600 per dollar on February 8 was a normal market adjustment. Traders had raised their forecasts for Fed rate hikes this year from two or three to three or four, after strong US labor data, higher inflation expectations and rising Treasury yields. Bond yields also rose after US budget deficit spending was approved.

- Date: 2018-02-08 · published 2018-02-08T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/66813-sharp-rupiah-depreciation-caused-by-market-adjustment-bi-antara-news
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expectations of faster US rate hikes pull capital out of emerging markets and raise the rupiah cost of imported feed inputs. The adjustment shows how quickly currency pressure can build ahead of Fed decisions.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- en.antaranews.com: https://en.antaranews.com/news/114555/sharp-rupiah-depreciation-caused-by-market-adjustmentbi

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