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The rupiah gained against the dollar as USD/IDR slipped to around 17,750 ahead of Fed Chair Warsh's Jackson Hole speech. Markets priced a 74% chance of a US rate hike in December and a 65% chance of no change in September.
Higher US rate expectations support the dollar and limit rupiah gains, so the currency could reverse if the Fed turns hawkish. Dollar-denominated feed import costs for Indonesia depend on this direction.
fxstreet.comAkhtar FaruquiAug 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.
