# Indonesian Rupiah Strengthens as Lower Oil Prices Push USD/IDR Down

> The rupiah strengthened as oil prices retreated after President Donald Trump said further military action against Iran was highly unlikely if progress continued on Iran’s nuclear program and the Strait of Hormuz remained open. Strong US payrolls, which exceeded forecasts, and market expectations of a December Fed rate increase limited the dollar’s losses; Bank Indonesia was also intervening to contain currency volatility.

- Date: 2026-11-09 · published 2026-11-10T00:13:19.491Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/90399-indonesian-rupiah-strengthens-as-lower-oil-prices-push-usd-idr-down
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices ease Indonesia’s energy-import costs and reduce demand for dollars, supporting the rupiah and lowering local-currency costs for imported feed inputs. The strong US jobs report and rate expectations may limit that support.

## Read by commodity

- BRENT: bearish ▼
- USDIDR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-02-01 | [Oil Declines After Trump Says He’ll Push OPEC to Lower Prices](https://feedsoft.ai/events/26674-oil-declines-after-trump-says-he-ll-push-opec-to-lower-prices.md) | -2.9% | -3.9% |
| 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% |
| BRENT | 2022-11-22 | [Oil prices retreat as investor sentiment darkens](https://feedsoft.ai/events/38849-oil-prices-retreat-as-investor-sentiment-darkens.md) | -5.2% | -8.2% |

## Sources

- tmgm.com: https://www.tmgm.com/en-eu/analysis/market-news/article/indonesian-rupiah-advances-as-easing-oil-prices-weigh-on-usd-idr-202611090846

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