# Rupiah Weakens Slightly to Rp18,160 Ahead of US Midterm Elections

> The Indonesian rupiah closed slightly weaker on Tuesday, November 3, at Rp18,160 per US dollar, down 4 points from Rp18,156. Traders focused on the US midterm elections that day and on upcoming US data including JOLTS, ADP, ISM Services and Friday's nonfarm payrolls. Reports of US strikes on Iran's Qeshm Island and signals of diplomacy around the Strait of Hormuz also weighed on sentiment.

- Date: 2026-11-03 · published 2026-11-03T18:39:51.541Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/78313-rupiah-weakens-slightly-to-rp18-160-ahead-of-us-midterm-elections
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rupiah raises the local-currency cost of imported feed ingredients such as soybean meal and corn, which Indonesia buys largely in US dollars. Dollar strength tied to Fed expectations and Middle East tensions can add to import costs for feed millers.

## Read by commodity

- DXY: neutral
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | +0.3% | -0.9% |
| DXY | 2024-04-29 | [Market trades with caution ahead of US Fed rate decision this week](https://feedsoft.ai/events/31036-market-trades-with-caution-ahead-of-us-fed-rate-decision-this-week.md) | -0.7% | -1.1% |
| DXY | 2018-09-25 | [Dollar slips ahead of widely expected Fed rate hike](https://feedsoft.ai/events/63243-dollar-slips-ahead-of-widely-expected-fed-rate-hike.md) | +0.3% | +1.4% |
| DXY | 2021-05-31 | [USD/JPY: Looks to extend gains beyond 109.60 ahead of US PMI - Forex Crunch](https://feedsoft.ai/events/47353-usd-jpy-looks-to-extend-gains-beyond-109-60-ahead-of-us-pmi-forex-crunch.md) | -0.2% | +1.1% |
| DXY | 2021-05-19 | [Risk of spillovers from US equity market corrections to euro area markets and financial conditions](https://feedsoft.ai/events/47297-risk-of-spillovers-from-us-equity-market-corrections-to-euro-area-markets-and.md) | +0.0% | +0.3% |

## Sources

- mediaindonesia.com: https://mediaindonesia.com/ekonomi/951808/kurs-rupiah-melemah-tipis-ke-rp18160-jelang-pemilu-sela-as

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