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The rupiah traded near Rp 17,873 per US dollar, holding close to the Rp 18,000 level. Pressure came from the US-Iran conflict, higher oil prices, a strong dollar and capital outflows.
Domestic fiscal worries also weighed on the currency.
Rupiah weakness combined with elevated oil prices raises the import cost of feed ingredients and energy for Indonesian buyers. The dollar strength also pressures dollar-priced grain and meal.
jakartaglobe.idAkmalal HamdhiMay 29, 2026Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
