
The rupiah rose 0.10% to 16,699 per dollar on Monday, Nov 24. Market-implied odds of a 25bp Fed cut in December jumped to about 69% from 44% a week earlier, according to CME FedWatch.
Comments from New York Fed President John Williams that policy adjustment could come soon supported the move.
Expectations of Fed easing weaken the dollar and ease pressure on emerging-market currencies, lowering the rupiah cost of imported feed. The gain is small and could reverse if US data changes the Fed outlook.
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.