# Expectations of US Rate Hikes Strengthen, Rupiah Under Dollar Pressure

> The rupiah closed 9 points weaker at Rp18,156 per dollar on November 2 and was expected to stay under pressure on November 3. Two of three Federal Reserve officials called for further tightening, with Dallas Fed President Logan backing two more hikes and St. Louis Fed President Musalem calling for a near-term increase.

- Date: 2026-11-03 · published 2026-11-03T03:10:12.044Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/76916-expectations-of-us-rate-hikes-strengthen-rupiah-under-dollar-pressure
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Expected US tightening strengthens the dollar and raises borrowing costs for emerging markets, which can squeeze Indonesian importers of feed ingredients. A firmer dollar tends to weigh on dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |
| DXY | 2022-10-31 | [Dollar gains on Fed rate hike expectations](https://feedsoft.ai/events/39325-dollar-gains-on-fed-rate-hike-expectations.md) | -0.1% | -2.8% |
| DXY | 2022-06-20 | [US dollar to remain resilient amid the re-pricing higher in Fed's rate expectations – ING — Octa](https://feedsoft.ai/events/41145-us-dollar-to-remain-resilient-amid-the-re-pricing-higher-in-fed-s-rate.md) | -0.9% | +1.0% |

## Sources

- jawapos.com: https://www.jawapos.com/ekonomi/2611030037/ekspektasi-kenaikan-suku-bunga-as-menguat-rupiah-dibayangi-tekanan-dolar

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