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The rupiah closed slightly stronger on October 31 at 15,698 per dollar as markets awaited US inflation and jobs data. ADP private payrolls showed 233,000 jobs added, beating forecasts, while US third-quarter GDP grew 2.8%, below expectations.
Mixed US data points to a smaller expected Fed cut, supporting the dollar and keeping emerging-market currency pressure on Indonesian feed import costs.
antaranews.comMartha Herlinawati SimanjuntakOct 31, 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.
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.
