# Indonesian Rupiah struggles as Asian forex shifts

> The rupiah weakened against the US dollar as Asian currencies faced pressure from risk aversion and technology-sector volatility. High oil import costs and corporate demand for dollars added to the currency’s headwinds, although Indonesia’s third-quarter GDP growth exceeded expectations.

- Date: 2026-11-06 · published 2026-11-06T06:12:12.158Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/83428-indonesian-rupiah-struggles-as-asian-forex-shifts
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A weaker rupiah raises the local-currency cost of imported energy and other commodities, potentially increasing Indonesian buyers’ procurement costs. The story also reports that elevated oil prices are weighing on Indonesia’s fiscal position.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDIDR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-03-08 | [Bank Indonesia blames external factors for rupiah depreciation - Business - The Jakarta Post](https://feedsoft.ai/events/60402-bank-indonesia-blames-external-factors-for-rupiah-depreciation-business-the.md) | +3.5% | +9.7% |
| WTI | 2022-01-28 | [India's high foreign exchange reserves not enough to shield rupee \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/43418-india-s-high-foreign-exchange-reserves-not-enough-to-shield-rupee-money-and.md) | +3.4% | +5.0% |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |
| WTI | 2026-05-29 | [Rupiah Stuck Near Rp 18,000 as Oil Shock, Dollar Rally Bite](https://feedsoft.ai/events/19562-rupiah-stuck-near-rp-18-000-as-oil-shock-dollar-rally-bite.md) | +7.3% | -15.3% |
| WTI | 2018-09-01 | [Indian rupee at fresh record low, breaches 71 for the first time](https://feedsoft.ai/events/63801-indian-rupee-at-fresh-record-low-breaches-71-for-the-first-time.md) | -3.3% | +7.9% |
| BRENT | 2018-10-03 | [Indonesian rupiah falls to record low amid rising pressures \| The Straits Times](https://feedsoft.ai/events/62836-indonesian-rupiah-falls-to-record-low-amid-rising-pressures-the-straits-times.md) | -0.2% | -11.1% |
| BRENT | 2023-10-30 | [India rupee likely to struggle despite relief for Asian peers - Markets - Business Recorder](https://feedsoft.ai/events/33909-india-rupee-likely-to-struggle-despite-relief-for-asian-peers-markets-business.md) | -4.9% | -11.5% |
| BRENT | 2018-10-05 | [Indonesia considers whether more steps needed to support rupiah \| FMT](https://feedsoft.ai/events/62837-indonesia-considers-whether-more-steps-needed-to-support-rupiah-fmt.md) | -5.3% | -14.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/indonesian-rupiah-struggles-as-asian-forex-shifts-202611060555

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