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The rupiah swung between gains and losses in the final trading week of September, closing at Rp15,120 per dollar on Friday, up 0.26% on the day. Foreign investors bought about Rp25.6 trillion in net assets from September 17 to 19 after the Fed's 50 basis point cut, and the Conference Board reported a drop in US consumer confidence.
Strong foreign portfolio inflows support Indonesian asset prices and the rupiah, which lowers import costs for feed ingredients priced in dollars. Weaker US consumer sentiment adds to the case for a softer dollar.
cnbcindonesia.comTim RisetSep 28, 2024Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
