Indonesian Rupiah Nears Historic Low as Fed's Hawkish Signals Draw Attention

The Indonesian rupiah weakened against the US dollar, approaching its historic low, after US inflation data came in above expectations and Federal Reserve officials made hawkish remarks. The rupiah fell 0.5% to 18,144 against the dollar. The decline followed October CPI data that exceeded expectations and hawkish comments from Fed officials Christopher Waller and Lorie Logan. The rupiah is hovering near its historic low of 18,190 against the dollar.