# Rupiah Strengthens on US Midterm Election Results

> Bank Woori Saudara analyst Rully Nova said the rupiah opened 98 points stronger at Rp18,070 per US dollar, from a prior close of Rp18,168, driven by Democratic Party gains in the US midterm elections. The 10-year US Treasury yield fell 10.1 basis points to 4.86%, the dollar index dropped to 101.3, and Brent fell more than 8% to around $95 a barrel.

- Date: 2026-11-05 · published 2026-11-05T06:10:23.328Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/81199-rupiah-strengthens-on-us-midterm-election-results
- 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 reduce import costs for Indonesian feed buyers and can soften dollar-priced grain and meal markets. Oil weakness also reduces pressure on vegetable oil biofuel demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-07-12 | [Rand strengthens 2% on Yellen remarks - Moneyweb](https://feedsoft.ai/events/70263-rand-strengthens-2-on-yellen-remarks-moneyweb.md) | -1.5% | -1.6% |
| DXY | 2020-03-16 | [Baht strengthens](https://feedsoft.ai/events/54389-baht-strengthens.md) | +3.7% | +1.4% |
| DXY | 2020-11-30 | [Trump Says Vaccines Start Distributed, Rupiah Strengthens Monday Morning](https://feedsoft.ai/events/50448-trump-says-vaccines-start-distributed-rupiah-strengthens-monday-morning.md) | -1.2% | -1.5% |
| DXY | 2025-12-01 | [Yen to Strengthen 10% in Coming Months on US Rate Cuts, Morgan Stanley Says](https://feedsoft.ai/events/22190-yen-to-strengthen-10-in-coming-months-on-us-rate-cuts-morgan-stanley-says.md) | -0.3% | -1.2% |
| DXY | 2025-06-26 | [Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback \| Malay Mail](https://feedsoft.ai/events/24463-ringgit-strengthens-against-us-dollar-as-fed-tariff-caution-weighs-on-greenback.md) | -0.9% | -0.6% |
| BRENT | 2020-02-27 | [Rupee strengthens against USD amid easing crude oil prices](https://feedsoft.ai/events/54861-rupee-strengthens-against-usd-amid-easing-crude-oil-prices.md) | -5.0% | -51.1% |
| BRENT | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | -6.3% | -5.6% |
| BRENT | 2026-05-29 | [BRL Strengthens Slightly on Strong GDP and Easing Oil Prices](https://feedsoft.ai/events/19461-brl-strengthens-slightly-on-strong-gdp-and-easing-oil-prices.md) | +2.5% | -21.2% |

## Sources

- jambi.antaranews.com: https://jambi.antaranews.com/berita/672851/rupiah-menguat-dipengaruhi-hasil-pemilu-paruh-waktu-as

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