# Rupiah Opens Weak, Then Immediately Reverses Direction

> The Indonesian rupiah opened 0.01% weaker at Rp18,151 per US dollar on November 3 and quickly turned slightly stronger. Oil prices fell to about $104.77 per barrel on hopes of a US-Iran settlement, and Indonesia's inflation came in at 3.28%, below forecasts.

- Date: 2026-11-03 · published 2026-11-03T03:10:11.824Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/76913-rupiah-opens-weak-then-immediately-reverses-direction
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices ease imported inflation and FX pressure on an oil-importing emerging market, which can support demand for feed inputs priced in dollars. The rupiah's 1.42% October decline could push Bank Indonesia toward a more hawkish stance.

## Read by commodity

- BRENT: bearish ▼
- USDIDR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2023-10-24 | [Oil drops for third straight session on weak European economic data \| Reuters](https://feedsoft.ai/events/33793-oil-drops-for-third-straight-session-on-weak-european-economic-data-reuters.md) | -2.0% | -8.9% |
| BRENT | 2024-10-15 | [Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens](https://feedsoft.ai/events/28029-oil-plunges-4-as-iran-supply-disruption-concerns-ease-demand-outlook-weakens.md) | -5.4% | -7.6% |
| BRENT | 2024-02-29 | [Oil inches down as US inflation data, rising OPEC output weigh \| Reuters](https://feedsoft.ai/events/31835-oil-inches-down-as-us-inflation-data-rising-opec-output-weigh-reuters.md) | +1.0% | +1.9% |
| BRENT | 2024-07-30 | [Crude Prices Retreat on the Prospects of Weaker Chinese Energy Demand](https://feedsoft.ai/events/29445-crude-prices-retreat-on-the-prospects-of-weaker-chinese-energy-demand.md) | -4.3% | +0.7% |
| BRENT | 2019-07-01 | [Oil Plunges in Worst Reaction to OPEC Since 2014 on Demand Woes - Bloomberg](https://feedsoft.ai/events/58299-oil-plunges-in-worst-reaction-to-opec-since-2014-on-demand-woes-bloomberg.md) | -4.2% | -6.1% |

## Sources

- bloombergtechnoz.com: https://www.bloombergtechnoz.com/detail-news/126548/rupiah-dibuka-lemah-tapi-langsung-balik-arah

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