# Indonesian rupiah weakens slightly after Jakarta election - The Business Times

> The Indonesian rupiah weakened slightly on April 20 to about 13,325 per US dollar after polls showed Jakarta's incumbent governor Basuki Tjahaja Purnama lost his re-election bid by a wide margin. Analysts expected a brief negative reaction before investors refocused on fundamentals.

- Date: 2017-04-19 · published 2017-04-19T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/71789-indonesian-rupiah-weakens-slightly-after-jakarta-election-the-business-times
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

The move was minor and political, so it has little direct effect on feed commodity prices or Indonesian import costs.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/banking-finance/indonesian-rupiah-weakens-slightly-after-jakarta-election

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