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Bank Indonesia intervened in spot and non-deliverable forward markets on October 22 to support the rupiah, which fell as much as 0.5% to 15,568 per dollar. The weakness reflected rising expectations of a Trump victory and a slower pace of Federal Reserve easing.
Rupiah weakness and the stronger dollar raise import costs for Indonesian feed buyers, while a firmer dollar generally pressures dollar-priced grain and meal futures.
businesstimes.com.sgOct 22, 2024After 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.
