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The rupiah closed weaker on November 21, 2024, at about Rp15,931 per dollar, as expectations grew that the US Federal Reserve will slow its rate cuts. The dollar index was near 106.60.
Analysts also cited Russia-Ukraine tensions boosting safe-haven demand.
Expectations of slower Fed easing support a stronger dollar, which tends to weigh on emerging-market currencies and can make dollar-priced commodity imports less attractive to Indonesian buyers.
antaranews.comMartha Herlinawati SimanjuntakNov 21, 2024Not 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.
