# Wait and See Market, Rupiah May Still Be Under Pressure on Wednesday (4/11)

> The rupiah extended its weakness against the US dollar, closing spot at 18,160 per dollar, down 0.02% on the day, while the Bank Indonesia Jisdor reference rate showed a 0.07% gain to 18,148. Analysts attributed pressure to a strong dollar index amid cautious positioning on the Federal Reserve's rate path, which is slowing demand for risk assets.

- Date: 2026-11-03 · published 2026-11-04T00:15:09.858Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/78646-wait-and-see-market-rupiah-may-still-be-under-pressure-on-wednesday-4-11
- 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 for Indonesian buyers, while a firmer dollar tends to weigh on dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-29 | [Baht, rupiah under pressure as virus woes support dollar - Markets - Business Recorder](https://feedsoft.ai/events/46855-baht-rupiah-under-pressure-as-virus-woes-support-dollar-markets-business.md) | +0.8% | +1.1% |
| DXY | 2023-12-20 | [Stock Market Wednesday](https://feedsoft.ai/events/32950-stock-market-wednesday.md) | -0.8% | +1.0% |
| DXY | 2026-08-31 | [Thai Baht, Indonesian Rupiah Under Pressure as Fed Hike Odds Climb](https://feedsoft.ai/events/18172-thai-baht-indonesian-rupiah-under-pressure-as-fed-hike-odds-climb.md) | -0.6% | +1.6% |
| DXY | 2023-02-22 | [Stocks, rand still under pressure as investors fear higher US rates, SA power woes](https://feedsoft.ai/events/37618-stocks-rand-still-under-pressure-as-investors-fear-higher-us-rates-sa-power-woes.md) | +0.6% | +0.2% |
| DXY | 2017-03-31 | [AUD/USD: under pressure on strong dollar, awaiting Chinese data — Octa](https://feedsoft.ai/events/72248-aud-usd-under-pressure-on-strong-dollar-awaiting-chinese-data-octa.md) | +0.4% | +0.4% |

## Sources

- insight.kontan.co.id: https://insight.kontan.co.id/news/pasar-wait-and-see-rupiah-masih-bisa-tertekan-pada-rabu-411

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