
The rupiah closed down 0.49% at 15,724 per dollar on October 28 as traders moved into dollars ahead of the US presidential election. Japan's ruling coalition lost its parliamentary majority, adding to safe-haven dollar demand, while Israel refrained from striking Iran's oil and nuclear sites.
Election-driven dollar demand and political uncertainty keep the rupiah under pressure, raising the local cost of imported feed ingredients.
After 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.