
The rupiah closed at 17,907 per dollar on June 30 and was expected to stay under pressure on July 1 as the dollar strengthened. Markets were pricing at least one more Fed rate hike this year and watching uncertain US-Iran talks.
A stronger dollar and expected Fed tightening raise the cost of dollar-priced feed imports for Indonesia and pressure emerging-market currencies.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.