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The Indonesian rupiah weakened on September 28 as importers' FX demand and domestic portfolio outflows pressured USD/IDR near 17,980. CME FedWatch showed a 65.9% probability of a Federal Reserve rate hike at the October meeting.
Fed officials signalled that further tightening may be warranted.
Expectations of Fed tightening are strengthening the dollar, which tends to weigh on dollar-denominated commodity prices while raising costs for emerging-market feed importers. The effect is incremental rather than decisive for feed markets.
fxstreet.comAkhtar FaruquiSep 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
