# Rupiah Gains as US Midterm Election Results Shift Market

> The rupiah opened at Rp18,070 per US dollar, 98 points stronger than the prior close of Rp18,168, according to Bank Woori Saudara analyst Rully Nova. He attributed the move to Democratic gains in the US midterms, which he said could curb Trump administration tariff, tax and deficit policies. The 10-year Treasury yield fell 10.1 basis points to 4.86%, the dollar index weakened to 101.3, and Brent dropped more than 8% to near $95 a barrel.

- Date: 2026-11-05 · published 2026-11-05T06:10:23.263Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/81198-rupiah-gains-as-us-midterm-election-results-shift-market
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker dollar and lower oil prices ease import costs for Indonesian feed buyers, while a weaker dollar generally supports dollar-denominated grain and meal prices. The drop in oil also lowers biofuel-linked demand for vegetable oils.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-01 | [Canadian dollar extends recent gains as US labor market cools](https://feedsoft.ai/events/21732-canadian-dollar-extends-recent-gains-as-us-labor-market-cools.md) | +0.3% | -1.5% |
| DXY | 2024-02-07 | [Dollar slips as market awaits new data for direction \| Reuters](https://feedsoft.ai/events/31885-dollar-slips-as-market-awaits-new-data-for-direction-reuters.md) | +0.5% | -0.4% |
| DXY | 2021-10-28 | [Euro Rises Against USD Amid Interest Rate Market Moves](https://feedsoft.ai/events/44755-euro-rises-against-usd-amid-interest-rate-market-moves.md) | +0.6% | +2.5% |
| DXY | 2021-04-16 | [Australia, NZ dollars set for strong weekly gains as US dollar sags - Markets - Business Recorder](https://feedsoft.ai/events/47856-australia-nz-dollars-set-for-strong-weekly-gains-as-us-dollar-sags-markets.md) | -0.3% | -0.9% |
| DXY | 2022-06-28 | [South African rand gains as dollar dips - Markets - Business Recorder](https://feedsoft.ai/events/41263-south-african-rand-gains-as-dollar-dips-markets-business-recorder.md) | +2.0% | +2.2% |
| BRENT | 2026-07-28 | [Sterling slips as oil slides, US rate hike bets grow \| MarketScreener UK](https://feedsoft.ai/events/18614-sterling-slips-as-oil-slides-us-rate-hike-bets-grow-marketscreener-uk.md) | +2.6% | +5.9% |
| BRENT | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | +0.7% | -9.8% |
| BRENT | 2022-07-31 | [Arab News \| Oil market shift to be marginally less tight](https://feedsoft.ai/events/40648-arab-news-oil-market-shift-to-be-marginally-less-tight.md) | -11.9% | -8.8% |

## Sources

- en.tempo.co: https://en.tempo.co/read/2123036/rupiah-gains-as-us-midterm-election-results-shift-market

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