
The rupiah strengthened slightly to 16,663 per dollar as investors waited for US inflation and services PMI data. Analysts expected a 25 basis point Fed rate cut at the following week's meeting.
Expectations of Fed easing weaken the dollar and can support emerging-market currencies, modestly lowering dollar-priced feed import costs for Indonesia.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.